So you think you’re ready to sell your house and move on. When should you list it? We’ll give a few different times of year and let you know when the best time to sell a home is based on what’s going on in the real estate market.
It’s important to understand that these are generalized statistics that should be considered along with the personal, individual circumstance of a seller. For example, while spring and summer may be better seasons to sell than fall generally, there may be more competition during those months. If you’re the only home in a certain geographic area and/or price range (sometimes called a “hole in the market,” you can get a premium for your home. This might mean that selling in the fall makes sense.
Spring
Spring is the most popular time to sell a home, which means you’re likely to find more buyers if you list during this season. Seasonal housing patterns can vary by region, but generally speaking, springtime is when people start looking for homes again after the winter. This means that there are far fewer listings than usual—and lots of demand!
Summer
Summer is the best time to sell a home. That’s because more people are looking to buy during this season, so you’re more likely to find a buyer. In addition, real estate agents say that summer offers the most flexible schedules for showings and open houses.
If you want your home to sell quickly and get top dollar, then July and August are the two months with the highest volume of sales—and thus, they’re also when homes typically receive their highest offers on average. In addition, it could be helpful if you’re hoping for an easy sale: as we mentioned above in our discussion about holiday seasons (and winter weather), people tend to feel more motivated when there’s something special happening around them—so if there’s something big going on in town (like an upcoming sporting event) or if it’s prime beach season somewhere else on the East Coast… well then maybe now would be better than ever!
May is the best month overall.
May is the best month overall for home sales. It’s also the best month for buying and selling a home, so if you’re currently shopping around for one (or if you plan on selling soon), this is an ideal time to get started.
While this may not be the best time to sell your home, it’s definitely a good time to buy one. If you’re currently looking for a new place and haven’t found anything yet, consider waiting until next month when inventory is expected to drop even further.
Best Day of the Week to List
It used to be that Thursday was the best day of the week for your home to “hit the MLS,” but that has shifted to Tuesday. Generally, this also depends on what’s happening in the market and what other homes have “hit the market” in the last few days. I have mostly settled in on either Tuesday, Wednesday, or Thursday so that there’s time for buyers to see the home and make plans to set up a showing for the weekend. Timing of an Open House is also important.
Conclusion
There’s a lot of pressure on homeowners to sell their houses for the highest amount of money possible, but it’s important to remember that there is no one-size-fits all approach here. It really depends on what kind of house you have, what the market is doing, and what your individual circumstance is. It is best to plan ahead and give your agent time to get the right professional photography, videography, and set up the right target marketing campaign. Regardless of the time of year you choose to sell, getting your home in front of the most potential buyers for your home is key!
Check Out Some of Sander’s other Blog Posts
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