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. 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. On the other hand, between April and August is the worst time of year to buy a home. Home inventory starts to increase, and with the end of the holiday season, many homebuyers will start looking for new homes.
This causes prices to rise and bidding wars to occur. And as spring weather marks the start of home improvement season, high demand for contractors and designers could make it difficult to schedule pre-sale repairs Gina is a licensed real estate salesperson, experienced coach, and former high school educator of more than 1,000 students. According to NAR, the months of November to February tend to be the slowest months of sales activity, with January being the slowest. Along with high prices, high inventory, and homes that sell above the sale price, the frequency of movement also contributes to seasonal factors of purchases between the months of April and August.
McCoy successfully closed 100% of its listings while completing more sales than the average local agent. The fall season also ranks second behind the summer months if your goal is to sell quickly, with homes spending between 2.03 and 3.3 days less than the market average. While it may be good to try to time the market, put your home on the perfect month and day for maximum success, the perfect time to sell ultimately depends on your needs as a seller. This statistic measures how long homes remain on the market before entering into a contract, and can change from year to year and even from month to month.
If your reason for selling is relatively flexible, for example, if you are looking for a larger home or a more convenient neighborhood, it might be worth trying to schedule your sale; however, it's not worth missing out on peak market conditions, such as a great job opportunity or postponing an important life goal, such as retirement. So if you're an interested buyer or a real estate professional who wants to inform your clients about market prospects, it's important to know how these trends influence sales prices. As leaves fall, real estate sales tend to decline, that is, unless you live in an area that is unusually hot during spring and summer. A large number of buyers clamoring to buy during the summer months drive up prices, while homes stay on the market for less time.
When moving away and looking at median sales prices over a longer period of time, for example, several years, it can also indicate broader trends, such as home value appreciation and increased buyer demand. If you have some flexibility with your sale, it's worth doing a market research to increase your chances of getting the best possible result. The worst month of the year to sell a home is December, which ties with October with a seller premium of 5.8 percent, according to ATTOM. .