What Is the Best Month to Sell a House? A Helpful Guide
Buying and selling a home are two sides of the same coin. Expect to experience the same, or greater, stress levels when selling your home.
You can ease the tension by learning the best month to sell a house in your area. Each real estate market has it’s quirks, but here’s an overview of the best times of year to sell a house.
Is There a Best Month to Sell a House?
Seasonality affects home buying trends tremendously. Think of the last time you decided to move in the dead of winter.
Chances are slim, you can’t think of a single example. It’s human nature to want to conserve energy when it’s cold and expend energy during the warmer months.
You’ll get more bites on your property when people are in the mood for making moves. So, can you actually narrow down the best month to sell a house?
Yes and no. Each real estate market has its trends that influence when buyers are likely to move into a new home.
For example, if a small community is dominated by an independent school calendar, families might be likely to move according to when school lets out.
This Month Has the Fastest Sales Nationwide
The month of May is, by far, the most popular month to sell a home. Homeowners sell their properties around 6 days faster than any other time of year during the first two weeks of May.
This may or may not mean your local area will follow suit. But this doesn’t mean you should try for best practices.
Since the weather is just heating up in April, putting your house up for sale in May actually gives you time to prepare without the inconvenience of performing repairs in cold weather. Start planning and scheduling your house repairs in early spring so you don’t miss this choice selling opportunity.
Days on Market
Regardless of the month you decide to put your house up for sale, you can’t ignore the average Days on Market in your area. Days on Market is the average amount of time it takes a house to sell in your neighborhood.
It’s a tough number to come up with when selling your own house. Consult with an experienced realtor to learn how quickly homes sell in your area.
Most realtors know this number by heart because it affects their ability to earn income. Your realtor can advise how to get prepared to sell your home during the busiest months of the year.
When to Sell a House
The best month to sell a house is the month when buyers are most active in your area. Take into account the amount of time it’ll take for you to find a new place and get movers scheduled.
If your home sells in just a few weeks, it might leave you scrambling to secure new housing. Plan for success by coordinating with a realtor to make a smooth transition. For more information and tips, check our blog for updates.
Ben Stern wrote this article on behalf of FreeUp. FreeUp is the fastest-growing freelance marketplace in the US. FreeUp only accepts the top 1% of freelance applicants. Click here to get access to the top freelancers in the world.
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