While real estate never rests, it's important to know the best times to sell a house. Real estate agents and brokers are constantly watching market trends and metrics like median sales price throughout the year to time their sales perfectly. Seasonal factors can have a significant effect, as do other local and economic conditions.
So, how do you know the best time to sell? Here are some tips for timing a home sale:
Timing your home sale can make a difference of up to 10% in total sale price. This means choosing the right time can help you get a higher asking price, while slower months might force you to choose lower offers.
The best seasons for selling can vary by location, but typically the spring and summer months are the best for house selling. It's most common to put your home on the real estate market during June or July.
There are multiple factors that can determine the "worst" time to sell. Often, the weather has a significant impact. Even in regions with mild winters, buyers are less likely to actively home search in colder seasons.
Another factor is competition and activity in your local market. While this can change every year, working with a real estate agent to track and predict market trends will help you sell even if conditions aren't perfect.
Winter, especially during the holiday season, is a very slow time to sell homes. Cold weather and holiday travel keep potential buyers busy. However, if somebody is considering buying a home in the upcoming spring, they may be browsing listings online from the warmth of their own home. This is one scenario when a "coming soon" listing can give you a competitive edge.
Timing home sales carefully can mean a quicker sale and a higher price, especially if you work with a real estate professional. While the world of real estate is constantly moving and changing, you can keep these guidelines in mind for finding the best time to sell.
I have over 18 years of experience with $50M in real estate sales built on a foundation of providing my clients with personal attention. I bring extensive knowledge of business and law, and value long-term relationships built on trust. While making the most important transaction of your life, I ensure a successful and satisfying experience. You deserve nothing less than a professional when facing the most important investment decision of buying and selling real estate. I will be available to you whenever you need, address your questions and concerns honestly, and present advice and guidance that always looks out for your best interests. I am a full time real estate broker specializing in residential, and commercial real estate investments. I would love to be your agent!
