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The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results:

Thinking of Selling? Why Now is the Time | Simplifying The Market

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.

That number spiked to 2,140,000 by May!

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.

About the author

Kinney Yong

Broker Sales Associate / Notary

Contact me if you're thinking of buying or selling your real estate in Irvine or other areas of Orange County and parts of Los Angeles & Riverside Counties. I'll get the best possible price for you in this current real estate market. I'll try to make the entire process as smooth as possible by keeping you up to date on all aspect of the transaction. Contact me or visit our offices in the 99 Ranch Market center at the corner of Walnut and Jeffrey in Irvine or our main office at 5299 Alton Parkway to discuss your real estate goals.

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