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. Spring has warmer weather, longer days, and lush landscaping opportunities that increase outdoor appeal. Winter is often the cheapest time of year to buy a home.
Salespeople are often motivated, which automatically translates into an advantage for you. Most people suspend their listings from Thanksgiving to the New Year because they assume that buyers are scarce. Sellers who do list at that time tend to want to sell as soon as possible. They may even be more willing to add additional benefits, such as appliances and window treatments.
Spring is generally the best time of year to list your home, at least in the years leading up to the pandemic-driven housing boom. So, while these may be some of the slowest months for real estate listings and inventory, they're also some of the best months for buyers. When inventory is high, sellers can expect their home to stay on the market longer before receiving an offer, and you may need to sell below the list price or make additional concessions to the buyer. Selling your home is a stressful process that starts with determining the best time to put it on the market.
Selling your home is personal, so the timing should depend on your specific circumstances. As a result, these sellers are more motivated to close a deal quickly, which is beneficial to buyers looking for a good deal on a home. Therefore, thinking about how buyers would best use your home will help you determine the best time of year to sell it. Although spring is often considered the best time to sell a home, each season brings its own advantages and disadvantages.
Average sales prices are more affordable between October and February compared to other months of the year. However, not all states follow the same trends because the sales season, like the weather, depends on the local climate. If you can no longer afford the maintenance costs associated with owning your home, it's a good idea to sell sooner rather than later. Many early fall shoppers may be trying to move in time to settle down before the school year starts or before the weather worsens, and that sense of urgency can be a benefit to sellers.
The increase in sales prices between the winter and summer months is drastic, making the winter months a much more optimal time for homebuyers to buy properties. Even if you know there are times when it's better to sell than others, you may wonder what difference all of this makes. By purchasing a home in the spring, families can move during the summer and make sure their children are ready for the new school year in early September.