We Are About to Hit Peak Selling Season

I hope you are enjoying the warming weather and hints of summer on the horizon. Like our seasons, the local real estate market is cyclical.

Prices and inventory rise through the first half of the year. Once we hit July, historically, inventory begins to fall and sales prices tend to soften a bit.

So what does this mean for you?

Spring is traditionally seen as the prime time to sell a house, with sellers often receiving a higher price. If your home is ready or can be quickly prepared, aim to list it by the last full week of June at the latest. Come July, the real estate market typically slows down as people shift their focus to enjoying the summer. [Buyers – the summer months can often be a calmer time to buy!]

The next best window to sell stretches from mid-September through October. Once November arrives, the market cools further as homeowners gear up for the holidays, leaving mostly homes whose owners who need to sell on the market.

So, if maximizing your sales price is a goal this year, the next six weeks are crucial. Getting your home on the market sooner rather than later can make a significant difference in your selling success.

I’ve been fortunate to help quite a few sellers successfully sell quickly and for a max sales price this year already. Please reach out or book a call directly with me here if you would like to discuss what selling looks like!

There’s one part of the market I am beginning to watch closely: inventory.

Our low inventory market is what’s kept prices elevated despite increased interest rates forcing millions of buyers out of the market.

However, over the past few months, more and more homeowners are listing their home for sale, which is a good thing!

We’re still far from our current inventory levels translating to a buyer’s market. However, increased inventory levels are impacting certain home sellers today.

In particular, homes that may be a little dated are taking longer to sell and should be priced conservatively to attract a buyer. Many buyers are making tough financial decisions to be in a position to purchase a home today due to rates. As a result, there may not be funds left over to finance upgrades.

If you are a homeowner who is interested in selling but may have some dated aspects to your home, we should talk! Very often there areaffordable, high-ROI updates we can make to transform your home and increase your sales price in the process. I am currently assisting a few homeowners with this process now and have a contracting team who can get to work quickly to make updates.

This home has been a rock-solid rental for many years! It’s now eagerly waiting for its next homeowner to put their personal cosmetic touches on it! RECENTLY UPGRADED: Furnace, Water Heater, Water Line, Sewer Line, Copper and PEX Plumbing, and Modern Electrical Panel. Located in the heart of Capitol Hill, you won’t find a detached single family home at this price in such a great condition with as much unlimited upward equity potential. Learn more here.