Are you thinking about selling your Lake Nacimiento home, but you’re not sure Winter is the best season to do so? Winter is the perfect time to buying/selling lake homes and this year is no exception! There are plenty of Lake Nacimiento homebuyers out there, and they really want your house. Here’s why selling this winter is a win for you and your pocketbook:
Demand Is Very Strong This Winter
This claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years. As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.
Housing Supply Is Extremely Low
Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017. The best time to sell an item is when there’s a limited supply of it available. Even though supply is at a historic low, home sales are at a 15-year high. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.
The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives Lake Nacimiento home sellers an incredible opportunity.
If you agree the best time to sell anything is when demand is high, and supply is low give our Oak Shores Realty team a call today! Let’s discuss your goals, your timeline, and a plan of action, to make those goals a reality as soon as possible.
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty