When is the Best Time to List Your Home?
Obviously, the best time is only when you're ready. However, it's good to know certain market conditions which change daily to know your chances of actually selling and moving on. I once had a client tell me she was going to wait till June to list. To be honest the spring market starts now and there is pent up demand.
Buyers are out there especially below 350K price point. The chart below shows an opportunity for selling in 75093, Plano, TX. Homes for sale are 18% below last year. When inventory shrinks there's not as much competition on the market and really pristine homes will sell for top dollar. And median sale price is up over 8% from last year in 75093. Days on market is around 100 days but could be much shorter, some properties are going under contract in less than a week.
Sounds like the perfect storm to test the market, competition is not as fierce now as it will be in a couple of months. Multiple contracts are seen quite frequently now on excellent properties and yes there are still low ball offers but you don't have to sell unless they really want the house and it does work that way. Buyers will play hard ball just to see and some will pay the price but your home has to be on the market to play. The tide right now is turning for sellers with the low inventory in West Plano. Enjoy the weekend and any questions, let us know.