One of the more common questions I get asked on a regular basis, by both buyers and sellers, is "when exactly is the busiest time of year for real estate?" The answer can of course vary from market to market, but typically the answer is always druing the summer months. In El Dorado Hills, and the Sacramento region in general, that is typically beginning now, and going until late Septmeber/early August.
Below is a graph that shows the number of homes actively listed for sale (light green) during every month over the past year. The data is pulled directly from the local MLS, so about as accurate as one can get. Clearly Dec-Feb are the slowest months, with May-Early Aug being the busiest.
So if you're looking to buy, clearly this is the time of year when you'll by far have the most listings to choose from. There will of course be more active buyers as well, but with the huge increase in listings for them to choose from, and interest rates still being near historic lows, it's still one of the best times of year to find the perfect home. And you'll often find those that list during these months are the more serious sellers, who are looking to move, and not necessarily just testing the waters.
And the same goes for sellers. The buyers that are usually out looking during these months are the more serious ones who will write an offer on your home. And as a result, you can typically expect to see about a 5-10% bump in your selling price. Although you are of course facing more competition. That's where having a proffesional agent really makes the difference. Helping to price your home correctly, and do a major marketing campaign to make sure all those extra buyers see your home first.
So feel free to use our search page, which pulls all the listings directly from the MLS every 15 minutes.
Or if you'd like an idea of what your home might sell for, feel free to send me an email, text, or give me a call.
You can also fill out our home evaluation form here.