Nationally, the best time of year to sell a home is usually considered early May. Homes that are listed in late spring and early summer not only tend to sell faster but also at higher prices. Realtors often try to get their properties to market on a Friday or Saturday between April and June, so they can schedule an open house for that same weekend and maximize the number of buyers who come to see it. Spring is generally considered to be the best time of year to sell a home.
The season marks a time of renewed energy after the long winter, and this goes for home hunters who are starting or continuing their property search. Spring is usually when most home sales activities begin, but home sales really heat up in the months. However, real estate is all about location, and where you live can have an impact on your home's peak sales season. Returning to the national level, real estate market activity, that is, the number of active houses for sale and sale is cyclical, peaking at the end of spring and reaching its annual low towards the end of the year.
As you can see above, the total outstanding sales volume, which is a good indicator of buyer demand, reliably increases in May. So is trading in late spring always going to be the best move? Not necessarily. While fall isn't necessarily one of the traditional peak times of the year for home sales, it's not known for any seasonal slowdown either. Buyers tend to arrive at open days en masse when the weather is nice, which is why spring tends to be such a popular time of year to sell.
If your children grew up and moved out, you might want to consider selling your home and buying a smaller one. Under such conditions, any time is good to announce your residency because the market is in your favor and your bargaining power is greater. There is intense competition among homebuyers right now, when they are desperately trying to secure a new space before they start school again, or move for the season. Due to the greater amount of competition, these offers arrive faster and homes often end up selling for more money.
It's both an individual decision based on your unique circumstances, location, and schedule, and foreign market factors. It's your chance to get free advice on when to sell, tips for preparing your home for the market, and a professional pricing consultation. A large number of buyers clamoring to buy during the summer months drive up prices while homes stay on the market for less time. Home sellers who have remained in the market through the spring and summer will lower their prices to attract buyers.
