The term “Seller’s Market” might not be strong enough of a term to describe the current state of Indiana’s real estate market. According to the Indiana Association of Realtors, home prices have increased year-over-year for the 86th consecutive month in January and show no sign of stopping. Meanwhile, Indiana’s supply of homes for sale is shrinking. What this all adds up to is a great market for homeowners who are ready and able to sell. However, when is the best time to list your home to maximize its selling potential?
According to Jeff Tucker of Zillow Group, the best time of year to list your home is from the second half of March through the first half of June. More specifically, nationwide, homes that are listed in the first two weeks of May sold for 0.7 percent more than the average listing throughout the year. In January of 2019 the average sales price of a home in Indiana was $179,638 — meaning if one were to list their home in the first two weeks of May, the average Hoosier could net $1,257 more for the sale of their home.
Not only does that magical window typically mean a higher-than-average sales price, it can also help you sell your home faster. Nationwide, homes listed in the first two weeks of May sold six days faster than usual. In a world where time is money (or purchasing your dream home is contingent upon selling your home) every day counts.
After you’ve done your reading, contact the professionals at Todd Realty for an estimate of your home’s value.
Syracuse office: (574) 457-4417
N. Webster office: (574) 834-2123