When to Sell and ....

....When to wait?

One of the main criteria used in determining the price of an apartment is inventory. The more competition there is for your apartment the less its worth to the buyers.

Currently, there is a shortage of well-priced, ready-to-move-into inventory. This is particularly true in the 2-3 bedroom category. Studios on the other hand are a dime a dozen.
If you have a studio you would be best served to wait six months until some of the inventory is bought up. On the other hand, now is a great time to list a larger property.

Timing is also important. Many sellers take their properties off the market during the holiday season. Listing yours now is a good strategy as you would be the big fish in the small pond of listings before inventory increases after New Years.

Happy Selling!!!