Should You Sell Now or Wait? Weighing the Pros and Cons

Jeff Lang November 16, 2023

Here are two directions homeowners can go in our housing market.

Wondering how to position your home for a quick sale at the highest price? As we approach the end of the year, there are two strategic opportunities for selling.

Firstly, if you're ready to make a swift move and aim to have your home sold by the end of the year, we can make that happen. This approach makes a lot of sense considering our low inventory; plus, supply is expected to decrease even further as we head into the holidays. With fewer homes available, your property gains increased visibility.

"Seasonality doesn’t exist in our market like it used to."

On the other hand, if you're considering waiting until next year, particularly until spring, it's worth reconsidering. Our market isn't as seasonal as commonly perceived. Waiting until spring might not be the optimal strategy. The start of the year, especially the first week, is surprisingly active. Many individuals, still enjoying the holiday break, set New Year's resolutions to purchase a new home. As a Zillow partner for nearly 15 years, I can personally say that the first week of the year consistently sees heightened online activity.

This timing creates a scenario where motivated buyers encounter fewer available homes on the market, leading to increased competition. Homes tend to sell faster and at higher prices during this period. Whether you're in the Bay Area or beyond, let's connect—either on Zoom or in-person—to discuss your situation and strategize for success. Just call or email me; I look forward to hearing from you!

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If you're looking for a reliable real estate advisor in California, consider contacting Jeff Lang. He offers a free consultation to discuss your real estate goals and help you achieve them using his vast experience in the field.