Timing is Everything: Tips for Selling Your Home at the Right Time

Real Estate Agent with RE/MAX Associates RS - 0019092

Exciting news for all you potential home sellers out there! The current housing market is experiencing a low number of homes for sale. Why, you ask? Well, it's because this season, there are fewer sellers listing their houses for sale than usual. So, if you're considering selling your house, now is the perfect time to take advantage of this unique opportunity. Don't miss out on the chance to sell your home in less time with a higher price potential. Get ready to say goodbye to your old home and hello to a new adventure!

CLICK BELOW to find out for yourself


So, if we take a trip down memory lane and look at every April since 2017, we can see that the only year with fewer home sellers was April 2020. That's when the pandemic hit and put a damper on the housing market (as you can see in the red part of the graph below). Normally, around 500,000 sellers put their homes up for sale in April. But this year, we saw less than 400,000 sellers entering the market. Crazy, right? (see graph below):



There are several factors that contribute to the current trend of low inventory in the housing market. However, one significant factor is the phenomenon known as "rate lock." This occurs when homeowners are hesitant to move because the mortgage rate on their current property is lower than the rate they could obtain on their next property.

This reluctance to move can have a significant impact on the housing market, as it limits the number of available properties for sale. Additionally, it can create a ripple effect, as potential buyers may also be hesitant to purchase a new property if they are unable to secure a favorable mortgage rate.

It is important for homeowners to carefully consider their options when it comes to rate lock. While it may seem financially advantageous to stay in a property with a lower mortgage rate, it is important to weigh the potential benefits of moving to a new property with a higher rate. By working with a trusted financial advisor, homeowners can make informed decisions that will benefit their long-term financial goals.

According to a recent survey conducted by Realtor.com,  56% of individuals who plan to sell their homes within the next year are waiting for interest rates to drop. While this approach may be suitable for some sellers, it also presents an opportunity for more motivated sellers to take action now.


CLICK BELOW to find out for yourself4


If your current home no longer meets your needs and you are ready to move, now is the time to seize the moment and stand out from the crowd. With fewer sellers putting their homes up for sale, buyers will have limited options, making your property more visible and attractive. This could result in multiple offers, as buyers compete for the limited supply of homes for sale, particularly if you price your home appropriately.

Don't miss out on this chance to make a move and capitalize on the current market conditions. By acting now, you can increase your chances of selling your home quickly and at a favorable price.

Bottom Line
If you’re ready to sell now, beat the competition before it comes onto the market. If you do, your house should stand out and could get multiple offers. Partner with a real estate professional to get your house on the market.



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Comments (6)

Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
May 17, 2023 03:57 AM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

A nice post to help the consumer understand what's happening in the market.  Ready for your Delaware real estate adventure?  Contact Christopher Pataki !

May 17, 2023 04:38 AM
Christopher Pataki

thanks for the plug Brenda.......................chris

May 17, 2023 07:43 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Christopher. Many would be sellers have an extremely low mortgage rate that can not be duplicated today. As a result they are prisoners to their mortgage and can't break the date. So married to their home and unhappy they remain. Enjoy your day.

May 17, 2023 04:46 AM
Christopher Pataki

unfortunately finding a reason to be miserable for those people outweighs being happy...............chris 

May 17, 2023 07:44 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Hello Christopher, and happy Wednesday. Thank you for sharing this! Great information.

May 17, 2023 07:14 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Christopher and thank you for your interesting information in your blog to share with us here in the Rain.  Make it a good Hump day!


May 17, 2023 08:06 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

The current imbalance of many buyers chasing after the few houses that are available for sale is causing bidding wars and pushing up prices. Those who are waiting for mortgage rates to drop will face higher prices when they do decide to buy.

May 18, 2023 10:47 AM
Christopher Pataki

the double edge sword of housing costs.  i have buyers waiting on both interest rates and housing prices to drop.  they obviously only listen to "the news" when they want to know about real estate.  why listen to someone who does this for a living?.....................chris 

May 19, 2023 07:53 AM