The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
Here in the Colorado Real Estate Market (and generally in every market) the supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Bottom Line
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Here in the Colorado Real Estate Market, inventory is still very low (Seller's Market), but homes are coming on the market every day.
Contact me to discuss listing now before you have more competition when Spring selling season hits!
Sally Grenier
Broker Owner
Metro Brokers / Grenier Real Estate
303.475.4508 CELL
sally@sallygrenier.com
www.sallygrenier.com