The Connecticut market has been heating up for a few years and expect 2018 to be no different!
Inventory has been dropping for several years as buyer demand has continued to increase and we are currently headed towards the busiest buying season of the year. 2017, very much like most years, shows this annual trend - Sellers start to list their homes for sale in February, with many more sellers following through May. Sales of homes peak in the summer, naturally reflecting this yearly cycle:
Given an average 3 month sales cycle from list to close, the heaviest volume of home closings that happens through summer is the result of the listings in the spring.
If given the opportunity to pick their time to go on market, my recommendation is always the same: List in March or April. This is by far the best time to get the most showing activity, and to sell for the most in the least amount of time.
Since it’s almost halfway through January, this is the perfect time to start prepping your house to list at just the perfect time!
Last Updated on February 26, 2018 by Minna Reid