The Covid-19 pandemic has heavily influenced real estate activity during the past two years. Inventory has been extremely tight as many DC sellers delayed listing their homes due to the spread of variants. With spring 2022 in the offing, we look at Omicron’s projected trajectory and statistics from spring 2021 to predict the best time to list your DC home.
Omicron
Dr. John Swartzberg, an expert in infectious diseases and vaccinology and clinical professor emeritus at the University of California, Berkeley’s School of Public Health, said on CNN; “It will be about the middle of February before we start to really see that things are getting better.” “If this spike flames out quickly, many experts think, there could be a “quiet period.”
This coincides with a marked decrease in Covid-19 activity in the District from January 11th through May 2021.
Home Preparation
Our Recommendations
- With Omicron waning and pent-up demand bursting at the seams in Washington D.C., it’s a great time to sell your home and realize a great sales price. Timing your listing can increase the odds of a peak profit.
- Our recommendation to DC home sellers is to begin preparing your home for sale in mid-February with the goal of completion in late March, for listing in early April.
- Always include your agent in the pre-prep conversation, as they will have valuable input on what is and isn’t needed, which improvements offer the highest ROI, and what your target buyer wants to see when they open the door to your home. Presentation is closely tied to sales price, so solicit your agents’s advice and help with this step.