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Is Fall a Good Time to Sell Your Portland Home?
Manage episode 163169020 series 1040743
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Don’t make the mistake of waiting until spring to put your home on the market. There are three main reasons why fall is the perfect time to sell your home.
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Fall is here and many home sellers are wondering if they should wait for spring to put their home on the market. There are three reasons why fall is actually the perfect time to sell your home:
1. You will face less competition from other homes on the market. Right now, there are only 1.9 months of inventory available on the market. That means if no new homes were listed on the market, we would be sold out in less than two months. That is way less inventory than we saw in the spring or summer but there are still a lot of buyers out there. Now more than ever, our market really needs inventory.
2. There are more motivated buyers in the fall. Right now, most buyers in the market want to get into their new homes before the holidays. There will still be a lot of people looking for homes in January or December, but fall buyers tend to want to close before the holidays.
3. Values continue to skyrocket. Home values have gone up 11% from $350,000 in 2015 to $390,000 in 2016, which is incredible for our marketplace.
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Our market needs new inventory now more than ever.
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If you have any questions about the fall market or about real estate in general, give me a call or send me an email. I would be happy to help you!
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