When is the best time of year to sell a home?
Late Spring is the Optimal Time to Sell
A recent report from Zillow found that nationwide, early May is the best time to list a home for sale, specifically, during the first half of the month. Homes that were listed for sale between May 1st-15th sold for about 0.7 percent more money than other times of the year. Additionally, sellers also sold their homes about six days faster.
When taking a look online,the report suggests that Saturday listings receive the most views by Zillow users within the first week of the home’s listing. These listings also turn up with 20% more page views in their first week versus a Tuesday listing.
In 29 of the 35 large markets analyzed by Zillow, it was determined that the so called “magic two-week window” for listing a home for sale was both within the second half of March and the first half of June. In the remaining large markets (Dallas, Charlotte, Las Vegas, Houston, Miami and Tampa), the window to sell was in the first half of July. Selling during these times can increase your chances of getting a bigger bang for your buck, as well as a faster sale.
During the summer, many buyers are in a rush to get into their new dream home before school rolls back around. During a home shortage, your home may be in high demand since buyers are competing against each other with a smaller inventory available. And, summer weather may be a better time weatherwise to move than during the colder winter months.
If you listed your home for sale during the fall and you’re searching for a new place to hang your hat, you may be experiencing a sense of urgency to sell before the cold weather hits. When taking photos of your home to use for your listing, make sure they reflect the beauty of the season, both interior and exterior, not the start of winter when the grass is no longer green and the trees are bare.
Three words--inventory is scarce. Many sellers typically wait until warmer weather to list their home. Lower inventory is good news for sellers, as it equates to less competition among buyers. Selling during the winter also comes with its own seasonal perks. This is the perfect time to show off parts of your home that you normally wouldn’t have the chance to highlight during warmer months, like the warm glow of a fireplace.