The price of any item(including residential real estate) is determined by ‘supply and demand.’ Ifmany people are looking to buy an item and the supply of that item is limited,the price of that item increases.
According to the National Association of Realtors (NAR), thesupply of homes for sale dramatically increases every spring. As anexample, here is what happened to housing inventory at the beginning of 2017:
Putting your home on themarket now instead of waiting for increased competition in the spring mightmake a lot of sense.
Bottom Line
Buyers in the market during the winter months aretruly motivated purchasers. They want to buy now. With limited inventorycurrently available in most markets, sellers are in a great position tonegotiate.
