Considering Selling? Is Winter A Good Time To Sell?

Savvy sellers should be considering listing their properties now, rather than wait until Spring as the market continues to perform well despite adverse economic conditions.

Selling now means taking advantage of the current rising housing market to avoid increased competition that usually comes during the Spring selling season.

CoreLogic’s Home Value Index rose for the second consecutive month in May, with prices lifting a further 1.2% nationally. This is despite adverse economic conditions such as rolling interest rate rises since April 2022 as a further rise this week took the official cash rate to 4.1%.

Clearance rates are also edging up considerably on last year as the auction market regains traction and the overall attendance.

Waiting until the traditional Spring selling season means sellers will be selling in competition as more stock comes to the market so the current display of market strength is a reminder to sellers to list their properties now while demand exceeds supply.

There is continued unpredicted levels of domestic and international migration to the Gold Coast, and with the current shortage of stock, this places sellers in an excellent position to achieve a premium result.

If you are looking to buy or sell or looking for some advice, contact us today!

 

Disclaimer: This blog post is not to be considered legal advice. If you are seeking specific legal advice we suggest that you consult a legal professional before making any significant decisions in this regard.

Reference: CoreLogic