In a recent survey of Realtors nationwide, 60% Sixty percent of agents advise their clients to list a home during the holidays because it’s a good time to sell.
Why could the holidays be a good time to sell? 79% of the agents surveyed said that more serious buyers come out during the holidays, and 61% say less competition from other properties make it a great time to sell.
Why Are The Holidays a BAD Time To Sell: The biggest hurdles sellers face during the holidays are keeping the home ready to show (clean and staged), accommodating showings when they often have company and events planned at home, winter weather conditions and buyers’ vacation schedules resulting in fewer buyers.
NOT TOO LATE TO SELL THIS YEAR: The average days on market is around 30 days which means if you’re considering selling and get on the market NOW…you can have it sold before Christmas. It’s not too late!
In the past I used to lean towards the 40% who say it’s NOT a great time to sell. In addition to the reasons above, critical vendors like inspectors, title closers, lenders, and underwriters are often on vacation or on a part time schedule. This makes putting all the pieces together for smooth & on time closing challenging.
BUT…..this year inventory is still super low (only 7000 homes in the whole Denver Metro area). I believe that serious sellers willing to price competitively and have their home in show ready condition may have an advantage this Holidays season when there will be even fewer homes for sale (competition). We have a hot employment market here in CO too and companies continue to bring in new hires from out of state….these relocation buyers are motivated and often well qualified. These are ideal buyers for sellers.
My general advice is this: If you are considering selling, get your home listed NOW well before the Holidays and it’s likely you will be under contract before Thanksgiving and closed well before Christmast. However, if you wait til mid December to hit the market, you are better off waiting til the Christmas lights come down mid/late January and life returns to “normal.” You will be better prepared to handle the logistics and stress that can accompany selling a home.