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. 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. Returning to the national level, real estate market activity, that is, the number of active houses for sale and sale is cyclical, peaking at the end of spring and reaching its annual low towards the end of the year. As you can see above, the total outstanding sales volume, which is a good indicator of buyer demand, reliably increases in May.
So is trading in late spring always going to be the best move? Not necessarily. Usually, sellers list their homes in spring and summer because the weather is nice, especially for people in colder climates. In addition, families want to buy their next home before classes start, says real estate agent Liede DeValdivielso, one half of The DeValdivielso team with Keyes Company in Coral Gables, Florida. 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 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.
Determining the “right time to sell your home” is subjective, as it really depends on your specific goals and circumstances. When a market has a low average DOM, that is usually an indicator of favorable conditions for sellers, that is, California homes sold in May are on the market by an average of 34, which is 8 days faster than the annual average. The four highest-earning months (April, May, June and July) saw close to 15 million purchase transactions during this period, according to ATTOM. 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.
Home sellers who have stayed in the market through the spring and summer will lower their prices to attract buyers. 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. All homes are purchased in the name of an affiliated holding company designed to purchase property and cannot be granted in the name of HomeGo. Specifically, late spring, May is the best time to sell a home, with a seller premium of 13.4 percent, according to ATTOM's analysis of single-family home and condo sales over the past 10 years.
Homebuying activity usually stops almost in December, when people tend to travel and are busy with holiday events. The sale-to-list ratio is the final sale price of a home divided by its list price, usually expressed as a percentage. Even if you know there are times when it's better to sell than others, you may wonder what difference all of this makes. Nationally, February is the worst time to sell in terms of sales price, and January is the worst month to sell in terms of speed.