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Waiting to Sell Can Cost You Money

Posted by Jill Bird on Thursday, November 29th, 2018 at 3:16pm.

 

Most people think it is best to wait until the new year to list their home. That is not totally correct. Statistically in December inventory numbers are low. It appears most Sellers wait until the new year; but ask yourself, when would you like to Sell your home? When there are more homes on the market or less? Pre-approved Buyers have an interest rate guarantee for 60-90 days max, would it not make sense to list your home when there are fewer homes to choose from. Interest rates have risen and are continuing to rise, which is forcing house prices to drop. We are aware of our cold winters in Saskatchewan but right now Buyers are motivated looking at properties. Some employees are relocating for work this time of year to start the first quarter in a new location.

 

Please see chart below of the past 5 years of number of new listings in Saskatoon for detached homes

Number of New Listings

Month

2013

2014

2015

2016

2017

2018

Jan

350

383

440

395

433

333

Feb

320

368

390

405

378

333

Mar

396

515

560

533

536

410

Apr

489

576

635

598

532

462

May

608

630

645

607

678

576

Jun

494

585

692

574

601

535

Jul

503

631

558

489

542

461

Aug

543

562

558

538

538

460

Sep

518

620

647

501

527

421

Oct

483

515

504

493

465

378

Nov

305

368

381

384

380

 

Dec

217

214

250

236

180

 

The Bird Family is ready whenever you are you

Jill Bird: 306-221-1350

Jill@sellingsaskatoon.com

 

 

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