Is spring truly the best time to list? While many believe it is, the facts are more complex.
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There’s a bit of a controversy brewing among real estate experts as to what the best time of year to sell is.
On one hand, many real estate agents across the country agree that spring is the ideal time to list. However, do all of the facts actually support this view? The folks at the online real estate platform HomeLight wanted to find out, so they crunched the numbers on home sales in different markets across the country to determine the truth about the best time to list.
In the majority of cases, spring did come out on top. Yet there were also many exceptions to this rule. For example, in Greenville, South Carolina, the best month was July. This month beat out other times of year in terms of average sales price by 150%.
In Breckenridge, Colorado, though, February was the winner, with a 106% increase over the average sales price. Finally, the best month to sell in Tomball, Texas was found to be October, when homes sold for 133% more than average sales prices for the rest of the year.
What does all of this mean for you? Well, if you want a broad recommendation for when you should sell your home, know that spring is often the way to go. There are plenty of other details that should go into the decision of when to list, though. Weather, recent real estate trends, and whether any specific features of your home may attract a certain demographic should all be taken into consideration.
It’s not necessarily accurate to definitively say that spring is always the best time to list.
Fewer homebuyers will be searching in the fall and winter, but those buyers will often tend to be more serious about securing a property than those who are shopping at other times of the year. And buyers looking over the summer may feel added pressure if they’re attempting to find a property before the school year begins. In short, it’s not necessarily accurate to definitively say that spring is always the best time to list.
If you have any other questions, would like more information, or are curious how my team and I can help you achieve your real estate goals, feel free to give us a call or send us an email. We look forward to hearing from you soon.