Spring is the season when the housing market heats up. Buyer demand rises and so does the number of homes for sale. Homeowners who list in spring expect bigger premiums and the data shows they typically get them, as spring sellers are known to do better than those listing at slower times of the year. But that doesn’t mean potential home sellers can wait until next year to start planning. In fact, according to a new analysis from the National Association of Realtors’ consumer website, if you want to sell next spring, it may already be time to get started. The analysis found it now takes about 10 months to sell a home – from deciding to list through closing – which means those who prep early will be better prepared to get their home on the market at the perfect time. Danielle Hale, the website’s chief economist, says the market has changed and prep is now key. “Unlike in recent years, when sellers could list quickly and attract multiple offers, today’s environment rewards preparation,” Hale said. “By starting early … homeowners can better take advantage of spring demand while navigating a market that is increasingly buyer sensitive.” (source)
