When is the best time of year to sell a house - Summer or Winter?
When should you list your home for sale? Most people believe that summer is the best time to list your home because that is when the real estate market is busy and active. We can see it moving quickly—yard signs pop up all over the place! And it’s true, more homes sell in the summer than they do in the fall or winter. That’s because more sellers decide to sell during those months, so naturally, more homes are sold! BUT does that actually mean that your ODDS of selling are higher during those months?
What we really need to be looking at are the ODDS of your home selling. Even though more homes are being listed in the summer, a higher PERCENTAGE of homes are selling in the fall and winter months.
As the data indicates, the percentage of homes that sell in the summer months isn’t always greater than the percentage of homes sold during the rest of the year. On the graph, the dark line represents homes listed during the month. The light line shows that homes don’t always sell at the same rate as they list.
On the chart, you can see that the percentage of homes sold in fall and winter months are often better than in the summer months.
Luckily for us, we are in a great market to be selling homes.
People are always looking to buy homes in the Heritage area. Businesses have been moving to this area for years now and more are planning to come. This dynamic has created a housing demand that is stronger than any seasonal trend. Buyers are looking to buy right NOW.
Don’t wait to list your home at the same time your competition is listing theirs. It’s important to lead the market and not follow it.
For additional reading, check out 7 reasons to not sell your home to try and time the market.
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