Market Update: March

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Thinking about selling your home?

Its time to get started. As we head into spring not only do we have the warmer weather to look forward to, but also the peak selling months for the Grosse Pointe real estate market.

The peak selling months, generally May – August, always record a high number of sales – as demonstrated by the charts below (years 2013 – 2017).

Selling your home during this peak selling period is guaranteed to attract a large number of potential buyers, however, listing early in the year will put you in a strong position to get one step ahead of the competition.

Here are 5 reasons why it’ll pay to sell your home early
in 2018 (from an article by Holly Amaya on realtor.com):

  1. Interest rates are still historically low, drawing buyers into the market
  2. Inventory remains tight, and demand high
  3. Home prices are still increasing
  4. People have more money in their pocket
  5. Millennials are ready to commit.

So if you are considering selling your home this year now is the time to prepare. Putting your home on the market in March or April will not only mean you can take advantage of the points listed above, but your home will be on the market when there is comparatively low inventory for buyers to select from. You will also be able to maximize selling potential during the peak season of May – August.

For further information and for a free market evaluation please give me a call.

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