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:
How much difference can a well-timed sale make?
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 time to sell a house in your market
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.
Worst times to sell
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.
Selling during winter months
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.
About the Author
Deborah Tomczak
Hello, my name is Deborah Tomczak, One of the Top Selling Real Estate Agents on the Space Coast working with Remax/Elite.
I specialize in the business of pairing discerning buyers with homes that match their wants and needs, and maximizing profits for people with real estate to sell. But more important, I make sure you are communicated with during the entire process to reduce stress and ensure a positive outcome.
I bring a 25 year corporate career in marketing and advertising to my 19 year real estate business, allowing me to utilize skills and experience to make the best use my clients time and minimize unforeseen challenges that may arise.
I'd be honored to put my real estate experience to work for you.