Home for Sale

Is Selling My Wilmington Home at the End of the Year a Good Idea?

melaniecameron Home Seller Tips Leave a Comment

Short answer? Yes.

Long answer? Many Wilmington home sellers believe that the end of the year is the time to either take their home off the market or put off selling until the spring, but that’s not entirely the case. True, there are usually less buyers during the holidays and winter, but that doesn’t mean their home won’t sell. It also doesn’t mean they’ll get more money if they sell during the spring either. In fact, right now may be one of the most opportune times to list a home.

At this moment, inventory is low. Since August, the number of homes on the market and the monthly supply of the Wilmington real estate market have shrunk drastically. This means there is less for buyers to choose from. When a real estate agent in our company has shown everything in the MLS and still hasn’t found a home for their buyers, they send out a company-wide email requesting information on soon-to-be-listed homes and pocket listings. These alone have risen in frequency since the end of summer; so, there are buyers out there looking for homes that aren’t on the market to buy.

In addition to low inventory, buyers shopping right now are more serious, because most of them need to buy. The number of “window shoppers”, buyers who can wait months to buy, increases during the busier months, but are low now. Additionally, interest rates remain low making it a great time for buyers to borrow. Each of these factors increase the opportunity for a solid offer.

Serious buyers combined with low inventory and aggressive pricing makes this a favorable time to sell. If you’re interested in learning more about selling your Wilmington home and would like to see our marketing plan, give us a call at 910.202.2546 or send us a message. We’re happy to answer all of your questions about selling!

Meghan Riley

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melaniecameron