When it comes to selling your home there are a lot of factors to consider, one of the biggest being the timing. While sometimes timing cannot be controlled, there are certain times of the year that are better than others when it comes to listing and selling your home, if you are not in a huge time crunch. We reached out to our RE/MAX Influencers – a panel consisting of RE/MAX Sales Associates throughout Canada – to compile some of the top reasons to list your home at the beginning of the year.According to our RE/MAX Influencer panel, there are five key factors that play a role in deciding when the best time to list is and they were most prominently noted in the beginning of the year. These five key factors include seasonality, competition, exposure, move-in timing and a seller’s vs. buyer’s market. Taking these factors into consideration, our RE/MAX Influencers noted February, March and April as three of the best months to list your home for sale.
MARKET UPDATE FOR GUELPH
The 2022 real estate market hit the ground running in January as the inventory of homes for sale was at an all time low and demand remained high. Each time we thought that prices couldn’t possible get any higher, another sales record was smashed! The number of sales for Guelph in January (150) was a respectable number considering how low the inventory was. The average sale price increased to $970,000 or $613 per square foot. This stat included all residential sales, condos etc. The average time on market for MLS sales was only 10 days and sellers received on average 114% of their asking price which means that homes were still selling significantly more than asking price.
Going forward into February, there are only 89 active listings for the entire city which means more of the same. This low inventory, high demand, seller’s market will continue to rule as the unofficial start of the spring market nears.
Are you thinking of making a move? Put RE/MAX, real estate’s premier brand and my 20+ years of real estate experience to work for you! Call/text/email/DM me and let’s get started with a free home evaluation and custom marketing plan!
Dean Manton Broker
RE/MAX Real Estate Centre Inc
519-716-4663
dean@mantonteam.com
