The smell of freshly baked cookies wafting through the air, the sound of laughter resonating in your living room, the cozy feel of your home. You've built memories, friendships, and even character within these four walls. But now, you're thinking about selling. The question is: When is the best time to sell your house? You want to make sure that you get top dollar for your home. Timing, as they say, is everything. According to ATTOM, you can sell your home for thousands of dollars more in the spring and early summer than in the winter, but there's more to consider than just seasons.
Best Months to Sell
Before diving into the details, let's first glance at some empirical data that gives us a broader sense of the peak months for home sales. The data spans from 2011 to 2021 and accounts for the sales of single-family homes and condos. Here's a comprehensive table, which tells us much more about the best months to make your move.
|
Month
|
Median Sales Price
|
Median AVM
|
Seller Premium
|
|
May
|
$208,273
|
$185,000
|
12.6%
|
|
June
|
$217,703
|
$196,702
|
10.7%
|
|
July
|
$219,900
|
$200,000
|
10.0%
|
|
April
|
$202,000
|
$185,000
|
9.2%
|
|
March
|
$197,500
|
$181,283
|
8.9%
|
|
September
|
$215,000
|
$199,214
|
7.9%
|
|
February
|
$188,500
|
$174,666
|
7.9%
|
|
August
|
$215,700
|
$200,000
|
7.9%
|
|
December
|
$213,564
|
$201,000
|
6.3%
|
|
January
|
$187,000
|
$176,040
|
6.2%
|
|
November
|
$213,300
|
$201,000
|
6.1%
|
|
October
|
$210,375
|
$200,000
|
5.2%
|
The seasons of selling
The charm of selling in autumn
As the air turns crisp and leaves start to fall, many homeowners may hesitate to put their homes on the market. Yet, autumn is a golden time to attract serious buyers. Many families aim to settle before the school year gets in full swing, and the delightful fall foliage can make your property look enchanting.
Winter's cozy appeal
The winter months can be tricky but also magical. There are fewer homes on the market, meaning less competition for you. While you won't see as many buyers, the ones you do see are typically very serious about making a purchase. With the holiday season approaching, there's a unique charm and warmth that comes with home tours in winter.
The allure of spring sales
Ah, spring! Birds are chirping, flowers are blooming, and the housing market is often at its most vibrant. Spring often corresponds with peak market conditions and is considered by many to be the best time to sell a house. The warmer weather is enticing for home tours, and many buyers are ready to make a move before the heat of summer sets in.
The sizzling summer market
Summer is when many people take vacations, but it's also when a lot of families are eager to move. Buyers are often more relaxed and open to dreaming big, making it a time when you could potentially sell for a higher price, especially in the late spring and early summer months.
Strategic selling during market fluctuations
Navigating a buyer's market
A buyer's market means you're competing with many other sellers. While the buyer demand may be lower, you can still tip the scales in your favor by making sure your home is in tip-top shape and priced appropriately. Trust your real estate agent to guide you through the nuances of the local housing market.
Thriving in a seller's market
With more buyers than available homes, a seller's market is the best time to get top dollar for your property. The seller premiums are often higher, making it an opportune time for a successful sale.
Seizing the moment when mortgage rates are low
Low mortgage rates often spur buyer demand, which could mean a quicker sale for you at a favorable price. When mortgage rates drop, many buyers rush to make a purchase, keen to lock in a lower long-term cost.
Deciding on Your Personal Sale Timing
A lifestyle adjustment beckons
Maybe your nest is empty, or perhaps you've outgrown your starter home. When lifestyle changes call, it often becomes the right time to sell, irrespective of market conditions. A home that no longer fits your needs is a strong signal to consider moving on.
The repair checklist is all ticked off
No one wants to buy a money pit. So, once you've completed all your repairs and your home is in top financial shape, that's often the ideal time to sell. A well-maintained home will attract more buyers and sell quickly.
Your piggy bank is prepared
Selling a home isn't just about raking in the big bucks; there are costs involved, too. When you are financially prepared for the fees and surprises that come up during the selling process, you're in a good position to make the move.
About Craig Bennett Group
At the heart of Craig Bennett Group is a team of devoted local real estate experts whose primary focus lies in serving the Metro Phoenix area. If you're looking to buy or sell a home or have any questions about the Arizona real estate market, contact Craig Bennett Group today.
