Spring (March-May) 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. Spring has warmer weather, longer days, and lush landscaping opportunities that increase outdoor appeal. 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. 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 Nationwide, the best time of year to sell a home is usually considered early May. Homes that are listed in late spring and early summer tend not only to sell faster, but also at higher prices. Real estate agents 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. In most areas, the best time of year to sell a home is during the first two weeks of May.
You can expect to sell 18.5 days faster than any other month and for 5.9 percent more money. Elsewhere, early April or June is better for home sales than in May. There are pros and cons to selling spring homes. Spring wins as the best general time to sell a home, especially since this time of year contains many ideal conditions.
In most places, the first two weeks of May are when homes sell the fastest and at the highest price. April and June also break the May record, making spring a good time to list your house for sale. The decline in seller premiums generally begins in September, when the average premium falls to 7.5 percent, a little more than half of the May peak. 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.
Since many people tend to flock south during the winter, November and December are often considered the best time to sell a home in Florida. 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. Therefore, thinking about how buyers would best use your home will help you determine the best time of year to sell it. That is, sellers have to pay attention to comparable sales to ensure that their home has a sale price.
If you live in an area where summers are very hot, such as Arizona or Nevada, you may find it easier to sell in the early spring, or even in the fall and winter months. Not all areas of the country have the best fall weather, and many people tend to focus their attention on things other than selling a home. She shared her experiences on the challenges and benefits of selling a home in different seasons of the year. Determining the “right time to sell your home” is subjective, as it really depends on your specific goals and circumstances.
Since buyers have a greater selection to choose from, sellers must take steps to make their own homes stand out in the marketplace. But even in a more typical market, timing is everything, and this is particularly true when selling a home. While the time of year can have an impact on how long it takes to sell your home, how many offers you receive, and how much money you make from the sale, market conditions shouldn't be your only consideration. More homes have been sold recently, so there is more data sellers can use to make sure their prices are based on what buyers were actually willing to pay for comparable homes.