Real Estate Backstory is the go-to source for weekly updates on the latest news, changes, and trends in the Atlanta real estate market and surrounding areas. This week’s edition covers a wide range of topics that are sure to be of interest to both buyers and sellers alike. The following is a synopsis of the latest episode of “The Real Estate Backstory.” You can watch the video in its entirety below.
If you’re thinking of selling your home, there’s no better time to do it than during the best week of the year. In this blog post, we will explore the best week to sell and what you can do to prepare for it.
What Is The Best Week To Sell Your Home And Why?
According to statistics and research on national home sales and inventory, April 16th-22nd is the perfect time to have your home on the market. On average, there are 9.3 fewer sellers during the best week to sell than at any other time of the year. This means there is less competition, and you’re likely to get a higher asking price. In fact, the median asking price during this week is up by almost $50,000, making it the highest asking price of the year. Sales during this week are also 18% faster, and there are 16.5% more people looking to buy.
What Makes This Particular Week So Special?
Inventory is low, and we need more listings to meet the demand of buyers in the market. Interest rates are also coming down, making it a great time to sell. After taxes are filed, buyers will have a clearer idea of their financial situation, making them more likely to buy.
Nationwide, there has been a slight reduction in median sale prices, but Atlanta is not one of those areas affected. Atlanta is experiencing an overall increase in property value. Pending sales are down, but the good news is that the number of pending sales is increasing each month, and with interest rates falling, it’s expected to rise even faster.
Preparing for the Best Week to Sell
Preparing to sell your home takes time, and even if you have a potential buyer ready, you’ll still need to get your home cleaned, fix things up, and declutter. You’ll also need to get professional photos taken and write a great listing description. This process usually takes around a month, so it’s important to start early. The best week to sell your home is fast approaching, and it’s important to start preparing now. With less competition and a higher asking price, it’s a great time to sell. The low inventory and falling interest rates make it an excellent time to sell, and buyers are looking for more listings. Don’t wait until the last minute; start preparing now and take advantage of this prime selling opportunity.
Watch the entire video for more information here: