If you are looking to sell your home, you’re not alone! Selling your home can be a nerve wracking experience, whether it’s your first home on the market or you’ve sold a few over the years. One of the most important questions that people must consider when they know they want to sell their house is this: when is the best time of the year to sell a house? Let’s take a closer look at the best—and worst—times to sell your house, along with a very special “sweet spot” that many homeowners can benefit from using.
The House Selling Sweet Spot: March to May
In most cities, that very special “sweet spot” comes between March and May—in other words, autumn with most property transactions between this time. The reason this is a particular sweet spot in many city’s real estate markets is a combination of the weather (as May is usually mild) along with the month coinciding with the end of tax season and a lead-up into the spring time settlement date when many people have more time to pack up and move.
Ideal Seasons: Spring and Summer
In general, spring and summer are the best times to sell your house, with spring being more advantageous than the summer in most markets.
Spring time has excellent weather and many people are more likely to purchase a home in the spring when they know they won’t have to combat snow or icy winds to get everything going. People also prefer to buy new homes before the summer season begins, as this will give them ample time in the summer to move, unbox and unpack all of their belongings.
Summer is another great season to sell your home in, though it is slightly less popular than spring. As a general rule, early summer and midsummer are the best times to sell your home during this season; most people prefer not to move in late summer as the new school year closes in on them.
Worst Seasons: Winter
End of autumn is not exactly a terrible time to sell your home, but for the most part, people who purchase new homes at the end of autumn are people who have no other options, the weather is getting colder and winter is on its way. This includes people whose leases are up at apartments or rental properties, people who are looking for somewhere to live at the start of a new school year, and other similar circumstances. You will find that most sales are towards the beginning of the autumn, so aim for an early autumn sale instead of the later option.
The worst time of the year to sell your home is in the winter, especially if you live in an area where there will be cold weather, winds, snow and ice making things more difficult. Homeowners prefer not to purchase new homes in the winter because of all these complications, so unless you absolutely have to do so for emergency reasons, avoid putting your home up for sale in the winter.