by Tracy Hookstra | April 11, 2023
If you are considering selling, now is the best time to list your home. In the Spring the housing market begins to heat up, as new potential buyers enter the market. When you are selling your home, market competition is your friend.
Let’s take a look at how to make the most of the Spring market, and what makes it the best time of year to list your home.
Springtime is an attractive time of year for potential North Texas home buyers for a few reasons:
1. The end of the school year is approaching and buying a home in April or May means that kiddos don’t have to transfer to a new School district mid-semester.
2. The weather can be better for making any potential home improvements
3. Home buyers can avoid moving during the high temperatures of July and August in Texas
4. No conflicts with Summer vacation plans
5. Income Taxes have been filed and homebuyers can make more calculated financial decisions
6. More homes are available on the market
As the days get longer and potential home buyers can spend their evenings house hunting, the competition in the market heats up. This provides you with the advantages of having more offers, and the potential for a higher purchase price on your home.
Growth in North Texas has provided a strong demand for housing that is likely to keep growing. Job growth brings in more housing demand as businesses continue valuing the North Texas area. Even though the housing market has slowed down from the record-setting numbers seen in 2021 and early 2022, the demand for homes in DFW is steady.
According to data reported from NTREIS… When compared to February numbers, more homes were sold in March in Collin, Dallas, and Denton counties. There are also more homes selling above the list price and fewer homes requiring price reduction moving into spring. Analysis of this data shows that North Texas homes that are priced for today’s market are going to sell.
This is the best time of year to list your home. Putting your “best foot forward” is important for attracting more competition. If you want to take advantage of the benefits of the market warm-up, you will need an experienced professional on your side.
Team up with a top-quality local Realtor to get your home listed right. Informed by the current market trends, your listing agent will help you price your home to get the most competitive offers. Advise you on the most effective improvements to attract more potential buyers.
Rely on The Jan Richey Team to help you with a seamless experience for selling your home!
Focusing on attention to detail, allows us to provide exceptional personalized service. With 35+ years of experience in leading the Plano, Frisco, and Far North Dallas areas, we will be a true asset to you.
Connect with our team to list your home this Spring! Call or Text: 972-742-0177
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