Which is the Best Month to Sell a House?
If you ask, “When is the best time to sell my house” you will likely hear an array of opinions relating to this. These answers are usually influenced by which state you live in – for example, winter in Arizona is very different to winter in Michigan, hence trying to sell a home in these two states during winter will elicit very different results.
Looking at national housing data from the Census Bureau, the Federal Reserve, and other real estate experts, it is possible to get a clearer picture of when the best time to sell your house is based on seasonal factors.
For home sellers, the best time to sell to elicit a fast sale at a higher price is in May and June – houses for sale during spring sell quickly, and median sales prices peak in the early US summer. Alternatively, January sales are usually the best time for buyers to buy – this is when the median sales price in the US is at its lowest point and houses remain on the market for longer prior to selling.
Based on statistics, listing your home for sale between mid-March and mid-April will generally deliver the best results – as long as it suits you to wait for this season to sell. The weather is pleasant, gardens are at their best, swimming pools look fantastic, and buyers are ready to emerge from their winter hibernation.
Location does have a part to play – southern California, for example, enjoys sunny weather year-round. Rural homes usually take longer to sell than a big-city condo will.
At the end of the day, you need to plan ahead.