Today I’m sharing when you should begin preparing to sell your home and our current Madison and Dane County real estate market update.
If you’re considering selling your home in 2020, when should you start that process? The answer is now! You may not be ready to go onto the market right away, but you can certainly begin a few things that will make that process easier later.
I also want to discuss what’s happening in the Madison and Dane County real estate markets. The best month for accepted offers is typically April. March and May are only slightly less so. December is usually our slowest month, but when we looked back through the numbers for the last 30 days, 336 properties went under contract in Dane County, so even in the habitually unfavorable time of year to sell, which includes the holidays, people were still buying and selling houses.
To have the maximum number of buyers see your property, you should put it in on the market by March 1. Many people will bring their house to the market after that, and that’s when we start to see the inventory spike. Currently, in Madison, we have 1.2 months of inventory. What does that mean? A balanced market that doesn’t favor buyers or sellers is about five to seven months’ worth of inventory. Any less than that and sellers are at an advantage because there’s more demand.
The more serious buyers are out looking for properties now when the weather isn’t so pleasant. (Though our weather has been great lately?) If you’re considering selling your home, now is an excellent time. There are buyers out there ready and willing to purchase your house.
Call or email me and I’ll get a market analysis set up for you to see what you need to do to prepare to sell. As always, reach out to us with any questions as well. We would love to help you.