Reevaluating the Market: Why Relisting Your Home This Spring Could Be a Smart Move
Last year, many homeowners chose to withdraw their properties from the market, with December recording the highest number of withdrawals since 2017, according to CoreLogic and the Wall Street Journal. Whether due to a lack of offers, the holiday season’s demands, or hopes for a better market in the new year, you weren’t alone in deciding to press pause.
However, with spring on the horizon, it’s time to reassess. The real estate market is gaining momentum, and delaying your reentry could mean facing more competition from other sellers later.
Why Spring 2025 Could Be the Ideal Time to Relist
Selma Hepp, Chief Economist at CoreLogic, notes that many sellers who paused their listings last year are planning to relist this spring, anticipating the seasonal surge in buyer demand. Spring traditionally sees the highest buyer activity of the year, as warmer weather and the approaching summer motivate people to find and move into new homes.
Additionally, while mortgage rates haven’t drastically dropped, they have slightly decreased, sparking increased buyer interest. Early indicators suggest a continued rise in demand as spring approaches, presenting an opportune time for sellers.
Strategies for a Successful Relist
Before jumping back into the market, consider these steps to enhance your chances of selling:
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Review Your Listing Agreement: Confirm the status of your listing, whether it’s active, expired, or withdrawn. Your agent or brokerage remains a critical resource in navigating your next steps.
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Reevaluate Your Pricing Strategy: Ensure your home is competitively priced. An appropriate price can attract more buyers and potentially lead to multiple offers. Consult with your real estate agent to analyze recent sales in your area and set a realistic price.
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Update Your Marketing Approach: Consider new staging and professional photography, especially with the seasonal change. Presenting your home in the best possible light can significantly influence buyer perception.
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Consider Offering Concessions: As the market evolves, more sellers are open to offering incentives to close deals. Reflect on whether providing concessions could be beneficial in facilitating your sale.
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Increase Showings and Flexibility: Evaluate your availability for showings. More flexible showing times can lead to more visits and, potentially, offers.
Bottom Line
If your home didn’t sell last year, this spring offers a promising window for a second attempt. With indications of rising buyer activity, now is an excellent time to discuss a refreshed strategy with your real estate agent.
What adjustments will you make this time? Engaging with your agent to refine your approach can help you make the most of this season’s potential.