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When Is The Best Time of Year to Sell a House

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When Is The Best Time of Year to Sell a House

When's the best time of year to sell a house? This guide lists the best months and why they are good

 

 

Real estate is a gamble, and not knowing when to list your home on the market doesn't help you hedge your bets. 

 

Selling a home can be a difficult process. Something that can really help you along is knowing when the best month to list a house is. If you know when you’ll have a lower inventory or more buyers on the market, you’ll have a better chance of selling your home quickly and close to your asking price. 

 

Read on to learn more about the best time of year to sell a house and what that means for the sale of your property. 

 

When Is the Best Time of Year to Sell a House? 

Knowing the best month to sell a house isn’t always a black and white answer. There can be several factors that come into play when it’s time to list your home. The first thing to consider is your own situation. Maybe you need to move for a job or for school. Whatever the reasons, regardless of the time of the year, do what’s best for you. 

 

Your home’s location, the time of the year, and the weather where you live are all other important factors in deciding when to list your home. Maybe the holidays seem like a bad time sell your house, but maybe having a low inventory will play to your favor. 

 

While spring is generally a favorite time to list a home, if you live in an area that sees six rainy days in the spring out of seven, maybe it’s best to wait it out, for example. 

 

Take Your Home’s Location Into Consideration 

The location of your home makes a big difference in determining when the right time to sell is. You want to choose a time of the year when you can get the most bang for your buck. You also want to make sure your house isn’t sitting on the market for too long. 

 

While many people think spring is the best time to sell a house, for people who live in places like Florida, Southern California, Phoenix, and Texas, this isn’t always true. 

 

In parts of the country where the terrain is mostly desert and the weather is hot all year round, the spring can be a particularly hot time of year. The spring is when the weather is just ramping up and you may find temperatures in the triple digits. Extreme heat can be a very uncomfortable time of the year for homebuyers to be strolling around. 

 

If you live in part of the country that is prone to tornadoes or hurricanes, the spring is at the height of the storm season. Hosting an open house during hurricane season isn’t going to bring about a long line of buyers. The same goes for tornadoes, torrential rains, and flash floods. 

 

If you live in an area where spring brings about extreme weather, it’s best to pick a different time of the year. If you live in the midwest however, the spring is often thought of as the best time. Winter storms are usually over, the snow has finally melted, and the temperatures are beginning to rise, finally bringing buyers out of hibernation. 

 

Selling a Home in the Spring 

Selling a home in the Spring is generally favorable in most areas of the country. Anywhere from April to early June is where you’ll want to target. This typically means the first couple of weeks of May are when the market is hottest. Here are a few pros and cons to listing your home in the spring. 

 

Pros: 

  • Warm weather means more daylight hours for homebuyers to go out looking at properties. 

  • Tax refunds are usually dispersed at the end of winter or early spring adding available funds for down payments or making additional money available for home repairs. 

  • Warm weather boosts your home’s curb appeal. Trees come back to life, grass turns green again, and flowers begin to bloom. 

  • The end of the school year is near. As school ends, kids still have the opportunity to finish out the year before moving in early summer. 

  • Summer is generally the best time to move so people rush to sell and buy in the spring. In the summer you’ll have more reliable moving weather, you’ll be able to do more home consultation or repairs, and kids are out of school. 

 

Cons: 

  • In some parts of the country, spring happens pretty late in the season or almost not at all. In some areas, you’ll still have snow, or a lot of rain which makes wet and muddy conditions.  

  • Competition in the spring is tough. With more homes on the market, your home needs to be priced to sell and show well. 

  • If your home sells really quickly in the spring, your kids may not be finished with school by the time you need to move. You may need a temporary solution to get your kids through the end of a school year. 

  • In the spring, your neighbors may decide to tackle loud and messy home renovations that could deter potential buyers. You may also find a lot more construction in your area during the springtime. 

 

Selling a Home in the Summer 

Much like spring, the summer is one of the best times of the year to sell a home in most areas of the country. June is actually the most popular month to close on a home. While there are many pros to selling a home in the summer there can also be some drawbacks. 

 

Pros: 

  • In the summer, you generally have nice weather and long daylight hours. Summertime weather means more people going on showings and coming to open houses. 

  • With summer hours and summer vacations, there are more flexible times available for people to come look at houses. 

  • Buyers with children have a sense of urgency in the summer. Most parents want their children settled in a new home before school starts. 

  • In the summer, you’re able to use real estate data from the spring as comparable properties to your home. Comparable properties help you know how to price your home and what the competition is doing. 

 

Cons: 

  • Weather in the summer can be very hot in some parts of the country. Hot weather may not be too conducive to looking for a home. 

  • In the summer, a lot of people take vacation time. Summer vacations could lead to fewer buyers looking at homes. 

  • As a seller with kids, you will usually have your children home more often in the summer. With your kids home more, it can be hard to keep kids toys and belongings out of the way so potential buyers can see a clean home. 

  • Home professionals tend to be busier in the summer months. Landscapers, contractors, and even real estate agents are usually quite busy in the summer months. 

 

Selling a Home in the Fall 

Depending on where you live, fall can be a great time to sell a home. If you live in a region where the spring and summer are brutally hot, the fall can be a nice time to show your home. Here are some pros and cons to selling your home in the fall. 

 

Pros: 

  • In the fall, there tend to be fewer homes on the market. This means fewer homes to compete against, potentially helping your home sell faster and for more money. 

  • With the summer busy season over, many professionals have lower rates in the fall. You may get a better deal from a contractor by starting a project in the fall. 

  • In some areas of the country, foliage and curb appeal are at their peak in the fall. 

 

Cons: 

  • With potentially less competition in the fall, buyers can be a lot more demanding at the closing table. 

  • In some parts of the country, the fall weather can be quite cold. You may also see snow in the fall depending on where you live. Cold weather and snowstorms can deter home buyers. 

  • As the fall goes on, curb appeal can take a hit on your home. Leaves and other debris start to fall off and it can be harder to clean these up. 

 

Selling a Home in the Winter 

In most areas of the country, winter is a tough time to sell a home, in terms of weather. If you live in a resort area however, winter can be a prime selling season. Here are some pros and cons to selling your home in the winter. 

 

Pros: 

  • In the winter, you may find highly motivated buyers who want to close before the year ends to receive a tax break. 

  • With less inventory in the winter, you may have less competition for buyers in the winter. 

  • Many times, jobs relocate people at the beginning or end of the year. You may find someone relocating in December or January who needs to find a home as soon as possible. 

  • Snow and holiday decor in the winter can add to your home’s curb appeal and charm. 

  • If you live in an area with a lot of snowbirds, the winter may give you an influx of buyers. 

 

Cons: 

  • If you’re selling a home where there is a lot of competition for winter homes, you may be in a buyers market. Areas like Arizona and Florida will often see this. 

  • In the winter, you might get buyers who are looking for a deal. You may find that winter buyers aren’t looking to pay what you're asking for your home. 

  • In some parts of the country, muddy lawns, dead trees, and dirty snow can blanket your otherwise beautiful lawn. 

  • In areas with an extreme winter cold, buyers won’t be able to do renovations until the spring or summer so this may deter some fixer-uppers. 

  • In many parts of the United States, the days are a lot shorter in the winter. With short daylight hours, you’ll often find fewer buyers out house hunting in the evenings. 

  • Since major holidays fall over the winter, a lot of buyers put off looking for a home until after the holiday chaos slows down in the spring. 

 

Best Months to Sell a House 

The best time of year to sell a house is really a personal decision. You may find that selling a home in the winter is better if you’re selling a vacation home in Florida. If you’re selling a condo on Lake Michigan in Chicago, you’ll probably want to wait until spring or summer. 

A real estate professional can really help you narrow down when the best time to sell is in your region of the country. Click here to get started speaking with one and learn more about how to start the process of selling your home.