When you think of the fall season, you likely imagine the vibrant leaves, pumpkin spice lattes and cozy sweaters. Although the fun and festivities look a bit different this year due to COVID-19, the current housing market presents an opportunity for something new to celebrate: selling your home.
The spring is typically known as the busiest season for homebuying activity, but there are plenty of strong reasons to sell your home this fall. With the current market conditions and strong buyer demand, your home is likely to be the perfect pick of the patch for a hopeful homebuyer.
Here are three reasons to list your home during the fall months.
While the cool, crisp breeze is in the air, the housing market remains hot. This year, historically low interest rates have driven homebuyer demand and strong home sales, peaking in the late summer and early fall. During the fall months, serious homebuyers are eager to settle in to a new home before the holiday season ramps up and the frightful weather begins. With these key factors in play, you can leave your worries behind and feel confident about listing your house and getting a great offer.
Housing inventory (the number of homes listed for sale) is typically lower during the fall months, and with fewer homes for sale, you will have less competition and more power to sell your home on your own terms. This season we saw an uptick in home sales, keeping inventory lower than the current buyer demand, and setting you up for an optimal seller’s market. If you were on the fence, these conditions make it the perfect time to put your home on the market.
The fall atmosphere is perfect for spicing up your listing and enhance your home’s curb appeal. Maintaining your home’s exterior is always important when it’s on the market, but it’s especially important as the seasons change. In addition to making sure the leaves are raked and the gutters are cleaned, you can spruce up your home with fall foliage to make it feel warm and welcoming to potential buyers. For indoor staging, add some décor in autumn accent colors (like orange or red) and seasonal candles to harvest the coziness.
Selling your home during the fall can give you one more thing to be thankful for this year. To learn more about selling your home, visit My Home by Freddie Mac®.