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Many people ask about market timing. Sales frequently dip in the winter. However, if you're moving this winter, don't worry. All is not lost.
In the winter, the home supply drops dramatically. When supply drops and demand remains steady, sellers have an excellent advantage. The average list to sales price ratio this year was highest in January and December particularly. Last January, sellers were earning 98.5% of their list price. Likewise, you're likely to earn close to the listing price this season.
However, everything isn't perfect in the winter. If you examine the average sales price and the number of units sold, January and February saw all-time lows. The number of units sold increases rapidly in early spring. Generally, March and April are great months for sellers to go on the market.
Should you list this winter? It depends on your situation.
If you have any questions, give us a call or send us an email. We look forward to hearing from you!