When it’s time to sell your house, conventional wisdom says selling in the prime season, which begins in spring and lasts through summer, is the best way to go. But what if you wanted to wait until the off-season—is that a smart move, or would you be leaving money on the table? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that typically spring marks the beginning of the busiest home-selling and home-buying season. With the warmer weather, more daylight and the desire to get a new house in order before the next school calendar begins, buyers are more likely to shop during this time of year, with home buying peaking in June. Unlike other markets, where more inventory means lower prices, the housing market works the opposite way: Prices are highest in the prime season, when the most homes are listed. There are also more buyers in spring and summer, as this is the most convenient time for most people to move. So relative to demand, the supply of homes is actually tighter in spring and summer than in fall and winter. Check out below to see what sold in Liberty Park in March 2016:
28514 Witherspoon Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,550 sq. feet, 2 car garage, Sold Price: $445,000
Liberty Park Home Sold
March 2016
There’s no doubt spring is when properties shine. The flowers are in bloom and buyers are out. Daylight saving time also gives buyers more time to look at houses, which means your property can be seen by more buyers during the day and that means a bigger chance for more interested buyers. For more information on Liberty Park, or similar Northville or Novi neighborhoods such as Royal Crown, Carriage Hill and Yorkshire Place, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.