When is the best time to sell my house?

I posted an article Reasons to sell your home in winter recently giving the pros and cons of selling in winter. Following up I am adding a table which shows the number of accepted offers by month and price range for Marblehead SFHs in 2014.

Source: MLS, Oliver Reports

January 2015 has started quite well with 13 accepted offers with list prices from $400,000 to $1.8 million. Brokers reported strong turn out at Open Houses, as buyers looked to  take advantage of the unexpected drop in mortgage rates.

A week ago we were talking about 2-4 inches of snow. And then came Tuesday with more than two feet. Weather obviously has an impact on real estate sales in New England and I am not going to make weather forecasts. I will just say that if bad weather does keep buyers indoors for a few weeks, the most likely impact will be to create strong buying demand when the weather does improve.

If you are planning to sell, my advice is to work hard on getting your house in great condition! Please contact me if you want recommendations on work that does need to be done – and work that does not.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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