Sellers frequently ask themselves “should I sell my house in the winter?” Many sellers think it is best to take your home off the market during the fall/winter or wait until spring to sell. WRONG! The more serious buyers are out there right now looking for homes (like yours) and can’t find them! As as result, these buyers are having to settle for whatever is available. If you are even thinking of selling your home, contact Alford Realty Group today! We specialize in home sales in the Mooresville and Lake Norman area and can go over with you where your home stands on the market.
There is a different in fall and winter time buyers and spring and summer buyers. Typically, in the cooler weather months we see home buyers that need homes and need them now. In the spring, buyers are looking to buy but are a more relaxed buyer because there is so much more inventory available to them. Want to be a smart seller? List your home when there is less competition!
If you wait until spring or summer to list your home for sale, you may be missing out on the perfect time to sell your home. We have many indicators that tell us what kind of market it is and what sellers can expect when selling their homes.
One of our first big indicators of a seller’s market is the number of months of supply of homes available on the market. Simply put that means, if no more homes came up on the market it would take that many months to be completely out of homes for sale. Right now, in the 28117 zip code priced between $167,000 to $319,000 we are at 4.5 months. In the 28115 side, we are at 4.8 months. Those are some pretty strong numbers.
Another big indicator of a seller’s market is how close to the asking price the sales price winds up being. In that same price range of homes in the 28117 side we are seeing 95% steady. In the 28115 side, we are seeing 95.3%. That’s a 5% increase over 2 years ago.
Average sales price is also an indicator. Right now on the 28117 side of Mooresville and Lake Norman area, we are seeing $433,862 as an average sales price. In the 28115 side of Mooresville and Lake Norman we are seeing $181,898 as the average sales price. That’s up about $20,000 from 2 years ago this time.
As these numbers indicate, the Mooresville and Lake Norman area is seeing a great seller’s market right now. Contact Alford Realty Group today to find out the best way to position your home on the market. Let our team of experts show you how we can sell your home fast and for the most money possible.