Selling Your Home, Is There a Best Time to Sell?
Most properties sell all year around. It is mostly a function of supply and demand in the marketplace, as well as other economic factors. The time of year you choose to sell can make a difference in the amount of time it takes to sell and the final selling price. Weather conditions are often a factor in some areas in our country. Generally, the real estate market picks up in the early spring and slows down toward the end of the summer months. The end of July and August are most often slower months for real estate sales.
After the summer slow down, real estate normally picks up again for a second time during the year although less vigorous and lasts until about November. The market slows down again for the month of December as most buyers and sellers turn their attention to the holidays.
The supply of homes on the market diminish because sellers often wonder whether or not they should take their homes off the market for the holidays. There are still buyers in the market place, but now those buyers have fewer homes to choose from. Those homes on the market at that time have considerably less competition. Generally speaking, you’ll have the best results if your house is still available to show to prospective buyers continuously until it sells.