Best Time of Year to Sell a House Is Not When You Think
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Selling your home can be a stressful time. If you want to know the best time to list your home, you will need to consider your priorities in selling. If you are looking to sell quickly, your listing time may be different than if you want to get the highest price. Seasonality can greatly impact when you list your home for sale.
Traditionally, most sellers believe that the best time to sell their homes is in the summer. With the good weather, many buyers are out looking for potential properties making it a busy time in the real estate market. However, if you want to sell your home quickly, you may want to list it in the spring.
In this article, we will look at a few of the key components that go into the decision you will make about when to list your house for sale. Let’s take a closer look at when the best time is to sell your home.
Best Month to Sell
Historically, the spring months of March and April are the best time to sell your home if you are looking for a quick sale. In the spring, after the dull winter months, many buyers are ready to get out and look for potential properties to purchase. If you are looking for the highest selling price, the month of July has the highest average sale prices.
While many buyers begin their search for homes in the early spring, they don’t necessarily decide about a home to buy until the middle of the summer. Keep in mind that you want to list your house early so that the largest number of potential buyers have the opportunity to view your home.
Best Day to List
You may not consider that the day of the week you choose to list your home for sale would greatly impact you. However, many savvy buyers pay attention to how long a property has been on the market when they are making their decision.
Traditionally, Thursday is the best day to list your home. Weekends are a popular time for many buyers to expand their search for a home, making homes listed on Thursdays the newest opportunities. If you were to list your home on a Sunday, it’s possible that your home will sit on the market for up to a week before many buyers see it.
The Seasonality Effect
Depending on where you live, the seasonality of your area can have a large impact on when you should list your home on the market. The warm weather that lasts all year in southern states makes just about any month a good time to list. In the north, many buyers tend to wait until the weather breaks in the spring to start their search for a home. In all areas, homebuyers would prefer to be settled in their new home before the fall and the beginning of the school year.
If you are looking to sell your home, it’s best to research the historically best times in your area to make the right deal.