The Best Time to Sell Your Home: Why 2022 is the Year to Do It

Are you thinking of selling your home? If so, you may be wondering when’s the best time to do it. According to recent reports, 2022 will be an excellent year for sellers - so, keep reading to learn more!

Homes are selling fast.

The number of days an average home is sold in decreased dramatically in the last several months. In January 2022, data showed that typical homes were sold at an average of 61 days. This is ten days faster compared to the same date in January 2021 and 29 days faster than data from 2017-2022. This is expected to continue throughout the year as more buyers are looking to purchase homes.

Home inventory is low.

According to the National Association of Realtors, the number of homes for sale decreased by 22% this April 2022. This is the lowest since December of last year. The demand for homes is still healthy, and with the limited number of homes available, this creates a seller’s market.

A seller's market is when there are more buyers than sellers. This is good news if you're thinking of selling your home this year, as you may be able to sell your home much faster and at a higher price.

Get multiple and higher offers.

When there are more buyers than homes available, you have more negotiating power as the seller. You may be able to get multiple offers on your home and even ask for a higher price than what your home is listed for. In October 2021, 60% of sellers experienced bidding wars, according to Redfin's data. Bidding wars for homes are expected to continue into 2022, making it an excellent time to put your home on the market.

Sell Your Home in Baton Rouge today!

If you're thinking of selling your home in Baton Rouge, now may be the time to do it. With the current seller's market, listing your home for sale is a good idea this 2022. Contact one of our experienced real estate agents today at 225-304-6363 to learn more about how we can help.

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