If you withdrew your home from the market in late 2024, you weren’t alone. Nearly 73,000 homes were pulled from the market in December, the highest for that month since 2017. Many sellers took a step back due to sluggish offers, holiday distractions, or anticipation of improved market conditions in the new year.

Now, with spring here, it’s time to reevaluate your strategy. Buyer activity is already increasing, and inventory is expected to rise. The longer you wait to relist, the more competition you may face from other sellers entering the market. Positioning your home ahead of the spring surge could help attract motivated buyers and maximize your chances of a successful sale.

Why Now Is It the Perfect Time to Relist Your Home

Many sellers who pulled their listings last year may have been waiting for the spring market to bring better conditions. Spring is traditionally the busiest season in real estate, as warmer weather encourages more buyers to enter the market. Many aim to close on a home before summer, creating strong demand and a prime opportunity for sellers.

While mortgage rates haven’t dropped significantly, they have declined slightly in recent weeks, already sparking more buyer activity. With demand expected to continue rising, listing now could help sellers attract motivated buyers before competition increases.

Relisting the Right Way: What to Do Differently

Before relisting, review your listing agreement to confirm your contract status. Even if you withdrew your home from the market, you may still be under contract with your agent or brokerage. If your contract has expired and you’re exploring other options, Slater Realty Group is here to provide expert guidance and help you navigate the relisting process.

Take a moment to evaluate your previous selling experience. What factors may have kept your home from selling? And what strategic adjustments can be made to increase your chances this time? Jim Slater and Slater Realty Group can provide expert guidance to help you refine your approach and position your home for a successful sale. Consider these key areas:

• Strategic Pricing for a Successful Sale: Was your home priced too high, causing buyers to overlook it? A competitive price can attract more interest and even lead to multiple offers. Jim Slater can analyze recent sales in your area to ensure you’re hitting the right number.
  
• Approach for Marketing: Did your home’s presentation make a strong impression? Professional staging and high-quality listing photos can significantly impact buyer interest. With spring here, updating your listing photos to reflect better lighting and curb appeal could make a difference.
  
• Strategic Seller Concessions: Were you open to incentives for buyers? As inventory increases, more sellers are considering concessions to make their homes stand out. If you weren’t flexible before, offering incentives this time could help close the deal.
  
• Making Your Home More Accessible to Buyers: Did limited showing availability affect buyer interest? Making your home easily accessible for showings increases the likelihood of receiving strong offers.

Bottom Line

If your home didn’t sell last year, Spring is the perfect time for a new strategy with Jim Slater. With buyer activity picking up, now is an ideal time to put your home back on the market.

When you’re ready to relist, Slater Realty Group is here to provide expert guidance and ensure a smooth, successful sale. Contact Jim today at 612-590-1802 to get started!

Source

Coldwell Banker Realty