I am a finance geek at heart. I love number crunching. I spent a decade at IBM in Finance before I left to start my own brokerage so you can tell I love to analyze data.
What is the best month to list my Oswego home for sale? I want to sell in 2014, but am not sure when to start?
I get that question a lot. You would be surprised how EARLY the real estate market is starting now.
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I went back over the last 8 years of data in our MLS and ran some data on the Oswego real estate market. I started with the months that had the most CLOSINGS, then looked back to see when those homes went UNDER CONTRACT, and took one more step back to see when those homes were LISTED on the MLS.
The highest number of closings were homes that were originally listed in MARCH. They went under contract in April and then closed in May/June. (April listings were a close second).
Find out what's happening in Oswegowith free, real-time updates from Patch.
This didn’t change until 2010 however. Looking back to before the real estate crash, Oswego homes were closing in June-August . I think we all think of that time as the “traditional” selling period – Summertime!
Let’s just say “The early bird catches the worm“. Realtors and home sellers realized there was less competition earlier in the year. Since the demand for homes was still low and the supply of homes was large, getting your home in front of prospective buyers early meant less competition. In 2014, the demand for homes is at an all-time high with Boomerang Buyers returning to the market. Oswego home inventory has also dropped to its lowest level in years. Sellers are now listing their homes when the Buyers are looking.
And that is right now!
If you are ready to list your Oswego home for sale, give Rich Ayers a call. You can read our Seller Success Package here to learn a little about us and a lot about our Maximum Marketing Plan. You can visit us at Panera in Oswego on most Saturday mornings from 9am-11am too.
We even have a free moving truck you can use!
Rich Ayers is a licensed Real Estate Managing Broker in Illinois and lead real estate contributor for The Oswego Patch. He also writes a monthly real estate column for Inside Oswego magazine. Rich was selected as Oswego’s Favorite Realtor by the readers of Glancer Magazine! Ayers Realty Group has EXPERIENCED Brokers who specialize in Residential and Investment real estate in Naperville, Oswego, Plainfield and the surrounding suburbs of Chicago. Visit our website at www.AyersTeam.com or follow us on Facebook, LinkedIn, Trulia, or Zillow.
