As the year continues, you might be thinking back on your resolutions for 2018. For many homeowners, 2018 has one main goal: to sell their home. If you’ve been wanting to sell your home in Albuquerque, now may be a fantastic time to do so.
To help you keep up with your 2018 goals, we’ve done some research to present to you the 3 key reasons you should sell your home.
Albuquerque’s market favors sellers, making now a wonderful time to get the return on your investment you’ve always hoped for. Let’s dig in.
Spring is a great time to sell your home because it’s when buyers are most motivated. Warm weather brings on “spring fever” in real estate, meaning that buyers see the rising temperatures as the perfect time to get out there and find their dream home.
Since Albuquerque has some of the finest weather in the country, almost any time of year is great for selling a home. However, the months leading up to spring remain as a beneficial time to sell.
A Seller’s Market
When low inventory and high demand combine in real estate, it’s known as a seller’s market. That’s exactly what’s happening in Albuquerque. The area continues to be highly sought-after by homebuyers, and it isn’t hard to see why. With excellent public schools, breathtaking natural scenery, and a wide variety of fun things to do, Albuquerque offers a high quality of life.
As a result of current market conditions, average sales prices are steadily increasing.
Fewer Days on Market
Remember that seller’s market? As the demand for homes in Albuquerque continues to rise, buyers are scooping up homes faster than ever!
As a result, the number of days a home typically spends on market has decreased. In Albuquerque, the median days on market in January was 22 for 2018. In 2017 it was 27.
Need Another Reason to Sell?
If you’re interested in selling your Albuquerque home, please reach out to us. We would love to provide you with a complimentary home evaluation, as well as market reports for similar properties in your neighborhood. We even have resources for staging your home and a timeline for selling it.
Any other questions about the Albuquerque real estate market? Please give us a call at (505) 235-9398. We’re always happy to help.