The price for residential real estate, like the price of most items, is determined by the theory of “Supply and Demand”. If many people are looking to buy real estate and the supply of real estate is limited, the price of real estate increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors.
As an example, here is what happened to housing inventory at the beginning of 2018:
So putting your home on the market now, when the supply is lower, rather than waiting for increased competition in the spring, might make a lot more financial sense for you.
Keep in mind that the buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
If you would like to look talk more about timing the sale of your home to benefit you the most, feel free to reach out to me.