When is the best time to sell your home? The common perception – summer. Yet, summer is only partially true. I would say late Spring (end of April and May) to early Summer (June to mid July). Why?
There are two major considerations when you position a property for sale: Supply and Demand. Let’s look at both.
Generally, the supply of homes begins to creep up in April and May but doesn’t really going into full swing until June. People tend to list in the summer because the perception is that it’s the best time to sell. People also tend to like to list once school is out and before the new school year begins.
What does this mean? If you list in April or May, buyers actually have begun their home search so that they can move in the summer and possibly be settled before the new school year. Weather is improving and people have begun their search. With limited supply, your home will have the potential to really get the highest potential sale if it’s showing well and priced right.
The best thing about a April or May sale? You become a buyer in the peak of inventory – June, July and August.
If you wait to list until June, July or August – you risk putting yourself into the peak of the inventory where there is more competition and more pressure on prices. As August approaches, generally the demand starts to diminish – and you are in danger of becoming an active listing when demand is at it’s lowest – fall and over the holidays.
It’s possible to sell in every market with the right price and in the right condition. But if you are trying to considering a summer sale – think carefully about positioning for the best possible sale.
Thanks for reading! We value your thoughts and opinions, so please feel free to leave a comment. Please contact us if you have any questions or need help. You can also get automatic updates for this blog free via:
{ 0 comments… add one now }