The No. 1 reason why you should list now (and not wait until spring).

Real Estate Agent with Thompson Company, REALTORS® 240.593.2860 MD594797

Thursday is the best day to list a home. It's primetime to capture the weekend traffic and aim for a quick sale. The problem buyers - still - face at the beginning of 2023 is very low inventory. 

The screenshot above is from my regional MLS (Bright MLS) taken yesterday morning - a Thursday. My Market Watch includes two counties, Montgomery and Howard County, for all price points and all types of homes for sale. Combined, the population is more than 1.4 Million people living in approx. 530,000 housing units¹. 

Only 28 new active listings plus 3 more coming soon were added to the market on this week's prime listing day. That is very little. 

Low inventory is the No. 1 reason you should not wait until spring to list your home! 

Our inventory woes combined with interest rates that doubled year-over-year are responsible for a drop in sales activity in 2022. That is unlikely to change this year. The prediction - and hope - are for rates to stabilize. The labor market is extremely strong, the strongest it has ever been. "There are more Americans working today than at any other time in history."²

Buyers are out there. My clients have been stunned - and disheartened - by how few homes we have to tour, and they are not looking in unrealistic price ranges. Today's buyers are ready to go, they are well prepared, they've been thoroughly vetted and they have their loan officer's on stand-by to facilitate a quick closing if needed. 

If you are considering selling your home in 2023, you may want to get it on the market sooner rather than later. Once the days get much longer, and the spring flowers begin to blossom, your neighbor may be thinking of doing the same! 

The No. 1 reason you should list now and not wait until spring: low inventory and little competition. Call Andrea Bedard, REALTOR® (240) 593-2860 to get started. 

SOLD in Spencerville 1305 Parrs Ridge Dr

¹U.S. Census Bureau
²NAR Economist's Outlook, Lawrence Yun

Posted by

Andrea Bedard
Thompson Co., REALTORS®

Silver Spring, Maryland

Fluent in Real Estate and German.
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Comments (5)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Andrea, good talking points for homeowners that are on the fence whether or not to list right now.

Jan 06, 2023 10:24 AM
Andrea Bedard

Thank you Joan Cox. We do need more inventory, I have well-qualified buyers and no houses to show them! 

Jan 09, 2023 07:02 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is great info and very helpful for potential sellers since there is definitely a misconception that timing is bad right now (esp compared to the craziness of COVID times)

Jan 06, 2023 11:53 AM
Andrea Bedard

I hear the misconception Lise Howe, down to "the market is bad". No, it's not actually and I am unsure where they are getting that impression. It's a very different market, but it's not a bad one.  

Jan 09, 2023 07:04 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Andrea Bedard I agree.  Sellers would be wise to sell sooner than later.

Jan 06, 2023 04:01 PM
Andrea Bedard

I hope more will consider doing so soon George Souto! We need more inventory, at least in my market.  

Jan 09, 2023 07:05 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Jan 07, 2023 02:53 AM
Andrea Bedard

Thanks Richard!

Jan 09, 2023 07:05 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Good information! Buyers need homes to choose from!

Jan 07, 2023 04:47 AM
Andrea Bedard

Thank you Kat Palmiotti, yes they do - especially the ones with a lease expiring. I am working with a couple, and it's discouraging how little there's to tour.  

Jan 09, 2023 07:06 AM