What is the slowest month to sell a Colorado Springs house? If you’re planning to sell your home, you might be wondering when to avoid entering the market. The slowest month to sell depends on the circumstances of your local area.
However, there are certain months when activity almost always slows down. In this post, Barb Schlinker and our experts at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss the slowest month to sell your Colorado Springs home. We’ll also share some tips that can help you sell in a slow market.
Key Takeaways:
- The slowest month to sell a house in Colorado Springs is January. January is a slow month for most markets across the U.S., including Colorado.
- On average, homes in Colorado Springs spend 76 days on the market before selling. Homes sold in January also tend to sell for less than they would have in the spring or summer.
- In a slow market, it’s essential to have an accurate price from the start. Buyers won’t hassle negotiating on an overpriced home, so make sure your asking price is based on data.
What is the Slowest Month to Sell a House?
The slowest month to sell a house in Colorado Springs is January. January is a slow month for most markets across the U.S., including Colorado.
On average, homes in Colorado Springs spend 76 days on the market before selling. Homes sold in January also tend to sell for less than they would have in the spring or summer.
January tends to be a slow month for home sales because of cold weather, shorter daylight hours, the upcoming tax season, and not wanting to interrupt the school year.
In addition, since not many sellers choose to list their homes in January, buyers don’t have as many options to choose from. As a result, buyers tend to wait until the spring or summer when there’s more inventory available.
What Can You Do to Sell Successfully in a Slow Market?
Selling in a slow market doesn’t have to be difficult. By following several simple tips, you can prepare your home for sale and attract buyers, despite a tough market.
- Price it Right from the Start: In a slow market, it’s essential to have an accurate price from the start. Buyers won’t hassle negotiating on an overpriced home, so make sure your asking price is based on data from a comparative market analysis.
- Make it Move-In Ready: Move-in ready homes sell faster than homes that need maintenance and repair work. Make sure the interior and exterior of your home are in great condition through landscaping, new paint, and decluttering excess furniture.
- Focus on Winter Features: If you’re selling in January, be sure to highlight the features that make your home appealing during the winter. For example, a fireplace, heated floors, new insulation, and energy-efficient heating systems.
- Gather Maintenance Records: Keep documents related to your home’s maintenance history on hand. Buyers may want to know how features like the furnace and roof stand up to the harsher winter weather.
- Make it Easy For Buyers to View: Be flexible when finding times to host showings. Try to accommodate most buyers’ schedules, even if that means showings take place on weekends or evenings. In slower months, it can also help to have a virtual tour or video walkthrough of your home.
- Use a Comprehensive Marketing Strategy: How you choose to reach buyers makes all the difference in the speed of your home sale. Figure out who your target buyers are and then decide on the best way to reach them.
- Offer Incentives: Consider additional incentives to make your listing more appealing and attract buyers faster. This can include covering buyers’ closing costs, offering a credit for a specific closing date, including some furniture, or helping to pay for mortgage points.
Sell a Colorado Springs House in Any Month with Barb Schlinker
Above all, a successful sale depends on working with an experienced realtor who has a proven track record. At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our entire team have been in the real estate business for 27 years.
We’ve helped many clients sell their houses fast and for top dollar. One reason we’re able to accomplish this is our Guaranteed Sale Program, which guarantees the sale of your home within your timeframe and for the best possible price.
To learn more about working with us to sell a house in Colorado Springs, call 719-301-1802 or fill out the form on this page. Take the first step to sell your house fast today!
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