We are getting close to the end of the year, and that means many people are thinking about putting their home on the market. But first, most want to get through the holidays. What most sellers don’t realize is that they may be missing a golden opportunity to sell by waiting until the first of the year.
At the start of the year, a glut of homes goes on the market. The result? More options for homebuyers which translates to increased competition for sellers. At the moment in Las Vegas, NV the average days on market is four months, while in Henderson, NV it’s down to three months. Buying activity is currently at an all time high since the peak of the market back in the mid-2000s while inventory levels have been decreasing.
The other reason to list sooner than later is that serious buyers are the ones currently out looking. The lookey-loos are all busy with holiday parties and Christmas shopping. That means more qualified buyers looking at your home.
Finally, there is plenty of pent-up demand for both the buyer and seller. Sellers have been waiting for the right time to sell. Buyers have been waiting for the bottom of the market or close to it. Las Vegas is currently going through a shift as prices are starting to stabilize and even increase in some areas. Many experts believe the big price declines are behind us. So for those thinking about seller, what could be a better Christmas present than a SOLD sign in the front yard?
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