Why experts say April will be the best time to sell in 2023
According to realtor.com, the best time to sell this year will be April 16-22. Sellers who list their homes during this window could boost their sale price by as much as $48K, if they come prepared with quality repairs, high-ROI updates, and strong marketing.
Here are the historical factors that make mid-April the best time to sell in 2023:
- Higher home prices – Homes listed this week are priced 2.1% higher than the average week and 12.% higher than the start of the year.
- Strong buyer demand – Homes listed this week had 16.4% more views than the average week and 32.5% more views than average in 2022.
- Less seller competition – Active inventory at the start of 2023 was 65.5% higher YoY but 43.2% lower than pre-pandemic levels, which means less seller competition.
- Faster sales times – Homes have historically sold 18% faster this week than average, and experts also expect faster sales times this year despite lower buyer demand.
If you’re a seller on the fence for any reason, this is your season to maximize your profits. Let’s chat today about the ways to prepare your home to list by making a few key decisions together. I am here to help consult whether you need to make those repairs, reorganize or just declutter. As rates drop due to the SVB collapse, buyers will start to emerge. This could be a perfect storm for the housing market!
If you’re planning to buy or selling your house, work with a real estate professional so you have the expert insights you need to make the best possible move today and we would love to assist, please fill out the form below.
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