Nationally, the best time to sell a home is March if you're trying to sell quickly, while the best time to maximize profits is July. Zillow recommends listing your home in March, but not later than Labor Day, based on historical market trends. The spring months are often considered the best month to sell a home. In fact, across the country, the first two weeks of May are often the busiest and most lucrative time for sellers.
Although June and July are the best times to sell across the country, they may not be the best times of the year to sell in your particular market. Every city is different and the best times of the year to sell can change over time. Many consider the summer months to be peak real estate season, and for good reason. The uptick in buyers seen by sellers in spring changes in full swing when the long days of summer arrive.
The months of May, June and August are the busiest, since those months represent 40% of the annual volume of real estate sales. Fervor to buy a home tends to peak in June, says NAR From winter to spring, there are several months throughout the year that tend to present less-than-ideal sales conditions. Determining the “right time to sell your home” is subjective, as it really depends on your specific goals and circumstances. Spring is usually when most homeselling activities begin, but home sales really heat up in the months In addition to the hibernation of buyers during the winter months, there is also a bit of seller psychology involved in the whole process.
McCoy reveals that winter buyers tend to be more serious about finding a home, and sellers have less competition with fewer homes on the market during the cold season. This statistic measures how long homes stay on the market before entering into a contract, and can change from year to year and even from month to month. As a seller, you'll need to offer more incentives to compete for buyers and be willing to lower the price if necessary. Those who want to sell quickly for the best price are always on the lookout for this magical four-week window, and you too should say that's what your real estate agent would say anyway.
The fall and winter months of October and December have the lowest seller premiums earned, down 5.8% from half the 13.4% premium earned from a May sale. Keep these tips and tricks in mind and take advantage of the market, there is a world of sellers out there. The good news about the summer months is that families often feel the urge to shop and move while children are out of school. As a seller, it's always good news because the best time of year to sell a home in Los Angeles is always every day, it's your lucky day.
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. If you're listing your home in La La Land, you'll be happy to know that sellers here always have an advantage. But before your agent helps you decide when to sell, you need to decide when to contact a real estate agent.