Attention potential sellers sitting on the fence: It could be time to make a move to sell your Gulf Shores home now.
Mid-March to mid-April is typically the best time to hang the for sale sign on your Gulf Shores home. With homes selling 15% faster and for 2% more than the average sale, according to Zillow, the window tends to be a little earlier for sellers in warmer climates and a little later in colder climates.
"It's still predominately a seller's market, but less so than the last year or two," according to Stan Humphries, Zillow's chief economist. "Some advantages are moving back to buyers; but largely and broadly … it's still favoring the sellers."
Here are four reasons you might want to list your Gulf Shores home for sale NOW:
The level of unsold homes was 4.6 months in February, according to the National Association of Realtors. That means it would take a little less than five months for all available inventory to sell. In a normal market, a five-to-seven month supply is considered balanced, said Danielle Hale, director of housing statistics at the NAR.
Tight inventory tends to prop up Gulf Shores home prices and can result in multiple offers and spur bidding wars.
But at the same time, low supply is also keeping some sellers in their homes. "They aren't typically going to sell and then rent," explained Hale. If sellers aren't comfortable that they will be able to find a new home, it can keep them off the market. "There needs to be more construction in the market to ease the pressure," she said.
And don't forget, we also post tips daily on Twitter and Facebook, sometimes pertaining directly to selling a Gulf Shores home. Find us there as well.