Spring is the Prime Time to Sell 🔥
As spring blossoms in Raleigh, so does the real estate market, offering a golden opportunity for homeowners looking to sell. The arrival of warmer weather brings with it a surge in buyer activity, making this season the optimal time to showcase your property and capitalize on favorable market conditions. With historically higher home prices, fewer price reductions, and increased buyer demand, the month of April marks a pivotal time for sellers looking to make a move. Let’s dive into why spring is the best time to sell your home!
Spring is a time of transition for many families. With the school year winding down and summer on the horizon, buyers are eager to settle into new homes before the next academic year begins. Additionally, the longer days and warmer weather make it more convenient for buyers to attend open houses and view properties after work or on weekends. Personally, I’ve witnessed the effectiveness of listing homes in the spring firsthand. Throughout the spring season, I’ve facilitated numerous successful sales for my clients, some of them completed in a matter of days.
- Higher Home Prices: Research from the National Association of Realtors (NAR) reveals that home prices during the spring typically experience a significant uptick, with prices averaging 10.4% higher than at the start of the year.
- Fewer Price Reductions: Sellers tend to lower their asking prices least frequently in late winter and early spring. Historically, about 24% fewer homes have had a price decrease during the week of April 14 compared to the average week of the year.
- Increased Buyer Demand: The spring season not only sees higher home prices but also a substantial uptick in buyer demand. According to REALTOR.com®, listings during April receive approximately 18.4% more online views per listing compared to typical weeks. In 2023, this demand surged even further, with listing views soaring by 22.8% compared to weekly averages throughout the year. Buyer demand typically cools in the late summer and early fall, making spring an opportune time to attract eager buyers.
Let’s Get In Touch
When it comes to selling your home in Raleigh, having a knowledgeable and trustworthy REALTOR® by your side can make all the difference. With my deep understanding of market trends and years of experience, I can help you navigate the complexities of the selling process with confidence. Contact me today at 919-438-0548 or email Ryan@HudsonResidential.com to learn more about how I can assist you in the selling process!