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When is the best time to sell your house?
With spring on the horizon and temperatures rising, the real estate market is starting to warm up again. One of the most common questions we get is when the best time to sell your house is. Is it better to list early spring or late? What month provides the best chance to sell high and to sell fast? Is this spring the right time to list your house? Read on for a few timing tips, and then be sure to join us for our free seminar on Thursday, March 12th from 5:15-7pm at the Wenatchee Chamber of Commerce. We'll be answering these questions and more.
The Magic Month
Nationwide, the best month to sell your home is in May. In particular, it is best to list your home between May 1 and May 15. Homes sold in the first half of May sell six days faster and for $1,600 more than the average listing. And homes listed on a Saturday receive an average of 20 percent more views in the first week on the market compared to homes listed on Tuesdays.
There are several reasons why May is such a booming month for real estate. People tend to simply be more in the mood to shop for homes when the weather gets warmer. In addition, the weather in late spring tends to be much more conducive for moving than winter months. In addition, in May the school year is wrapping up, so it's a convenient time for families to move. These factors mean the summer months can also be a popular time to sell; however, the heat of the summer as well as vacations tend to make these months a little less busy than May.
Other factors on timing
While conventional wisdom would suggest listing in May, there are a few other factors that impact the ideal time to sell a home. These factors include job growth, mortgage rates, and tax incentives. Various regions of the country can also differ slightly in terms of the ideal window, and in some areas the market tends to pick up as early as April.
At Augustedge, we are always closely watching the market. We know the ideal time to sell can vary with both factors in our community as well as your own personal needs and preferences. We look forward to working with you to determine the best timeframe to list to get your home sold fast.
Information found on zillow.com
From farming in Warden, WA, to living in Australia and then back to Wenatchee, Iâ€™ve always been profoundly aware of the fundamental need to help others. Whether through their financial picture or he....