When considering the best time to sell a house, many factors come into play. Seasons, market conditions, and even personal circumstances can influence your decision. In today's market, having all the right information can make a world of difference. One aspect that's been proven time and again is the impact of seasonal variations on home sales. According to ATTOM, you can sell your home for thousands of dollars more in the spring and early summer than in the winter.
Best Months to Sell
Seasons can greatly affect the housing market, and knowing when to strike can help you fetch the best price for your property. Let's delve into some compelling data which reveals when sellers received the most value for their homes.
| 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% |
Choosing the season for your sale
Selling in autumn
Autumn has its charm. The cool weather, the burst of colors, and the approach of the holiday season can make many potential buyers feel the urge to settle in a new home. However, bear in mind that with the holiday season coming, some buyers may be more financially conservative.
Selling during winter's chill
Winter can be a tricky time for home sellers. While the winter months might offer less competition and serious winter buyers, the chill in the air can make home tours a bit less appealing. But, with fewer homes on the market, you might just attract buyers looking for their dream home.
Welcoming sales in spring
Ah, spring! It's no surprise that many homeowners decide to sell during this rejuvenating season. With the warmer weather and the world in full bloom, homes sell quickly. This is arguably the best time to sell a house, especially in the early spring, before the market gets saturated.
Embracing the summer heat for sales
Summer, with its long days and vacations, offers a unique opportunity. While the heat might deter some, summer months remain a strong contender, especially for families wanting to move before the school year begins.
Recognizing the peaks and valleys of market conditions
Navigating a market favoring buyers
A buyer's market arises when there are more homes available than there are buyers. During such times, attracting buyers can be a bit more challenging, but not impossible. Correct pricing, home staging, and working with a proficient real estate agent can make all the difference.
Thriving in a seller-dominated market
When the local housing market is saturated with buyers and fewer homes, it's termed a seller's market. Sellers have the upper hand, and homes often sell above the asking price. This is a great time to sell if you want the most money for your home.
Leveraging lowered mortgage rates
When mortgage rates drop, it's often a boon for home sales. Buyers are more inclined to invest, hoping to lock in those lower rates. This surge in buyer demand can be an opportune time to sell, especially if you're looking to upgrade your own residence.
Deciding the right moment personally
Aligning with lifestyle transitions
Life, in its poetic dance of moments and milestones, often whispers the signals we need to listen to. As the chapters of our lives unfold, the best time to turn the page and sell often aligns beautifully with our evolving lifestyle desires. Whether it's the need for more rooms as families blossom, or the appeal of a smaller nest that calls to a heart seeking simplicity, listening to these personal rhythms can guide you to that perfect sale moment.
Presenting a well-maintained house
A home is so much more than bricks and mortar; it's a canvas of memories, of love shared, of life lived. When the time comes to pass on this canvas to another, it should shine in its fullest glory. It's akin to handing over a cherished storybook, with each page crisp and every word clear. Repairing the cracks, freshening up the paint, or fixing that creaky floorboard is not just about aesthetics—it's about respect. It's about showcasing a home that's been cared for, loved, and nurtured. A house that stands tall in its prime will not only beckon many more admirers but will also confidently demand its worth, promising you the higher price your efforts deserve.
Ensuring you're in top financial shape
Venturing into the vast sea of real estate is an expedition of both heart and wallet. While the heart dreams of new horizons and fresh starts, the wallet reminds us of the tangible ties that need careful consideration. Selling a home isn't just a decision; it's an investment. Before embarking on this grand adventure, it's pivotal to ensure that your financial ship is not only seaworthy but is also equipped to navigate the occasional turbulent wave.
Fast Facts about Selling Your Home
- Cleanliness is next to profitability: A clean, uncluttered home can significantly add to your profit.
- Pricing it right is half the battle won: Homes priced right from the start attract the most interested buyers and sell faster.
- Sales come with their set of challenges: Selling is inconvenient. Expect disruptions to your normal schedules and prepare for them.
- Addressing repairs: Fixing repairs early is advised. Unattended repairs can cause buyers to undervalue your home.
- Avoid overpricing: Overpriced homes may inadvertently help sell neighboring properties.
- Post-inspection negotiations: Buyers often renegotiate after a home inspection.
- A fragrant home is inviting: Eliminate unpleasant odors before showing.
- Evaluate all offers: A well-presented offer from a financing buyer might just beat a cash offer.
About Fox & Stokes
Nestled in the heart of Ho-Ho-Kus lies the pinnacle of real estate excellence, Fox & Stokes. If you're looking to buy or sell a home or have any questions about the New Jersey real estate market, contact Fox & Stokes today. Request your complimentary home valuation here.
