The Best Time Of Year To Sell Your Home

Thinking about putting your home on the market? You may be wondering when is the best time of year to sell your home. Like most things in life, there is a season when homes sales are most successful. If circumstances permit, picking the best time of year to sell your home can result in a quick sale at a good price.

Sell Your Home At The Best Time Of Year

Old man Winter. Real estate studies have shown that winter (specifically the months of November and December) is the slowest season to sell your home. Prospective buyers are caught up in the holiday season and don’t have time to hunt seriously for a home. In many parts of the country, the weather is more conducive to snuggling by the fire than it is to shopping for a home.

Hope springs eternal. As the weather warms, many potential homebuyers start to think about making a change. For potential buyers with families, the end of the school year (typically toward the end of spring) is the perfect time to move. After a long winter, more people turn to outdoor activities and are more likely to see “For Sale” signs in front of your house.

Summer is hot! Statistically, 60% of home sales close in the months of June and July. The weather is perfect for home shopping and moving and families have more flexible time during the summer. Another benefit of summer is that your yard and landscaping will show their best during the warm weather growing season.

Fall fades. While August is the doldrums of summer home sales (as most folks are on vacation during this month), early fall can bring solid sales. The weather is still nice, warm fall colors are starting to pop in the landscape and there’s still time to get kids into a new school before the school year is too far advanced.

An argument for an off-peak sale. While spring and summer are considered the best time of year to sell your home, you may want to consider a winter sale. Putting your home on the market in the winter means you’ll have less competition, which will give you more pricing power. Also, buyers who want to complete a sale before the end of the tax year will be motivated for a quick close.

Other factors. While the season of the year can have an impact on home sales, other factors may have an equal or greater influence. Pay close attention to the local economy and try not to list your home after large layoffs or other downturns. Also, you may want to hold off on listing your home if you are in a “buyers market”—in this case, patience may be your best ally. Finally, if you live in a warm climate, time of year may be less of an issue than other factors.

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