How Seasons Can Affect Home Selling
Finding the best time to sell your home can help you maximize the price and take some of the stress out of the home-selling process. What many people don’t realize is that seasonality can affect greatly home selling.
Here is what you should know for selling your home during a given season.
Selling Your Home In the Spring
People tend to go out shopping for homes as the weather gets warmer. If you want to take advantage of the most popular selling season, you’ll want to begin prepping in the winter.
Spring is one of the most popular times to sell a home for a few reasons:
- People have tax refunds in their pockets that they are ready to use
- Summer break is coming up and kids er almost out of school
- Nice weather is in the cards for the moving date
Typically, these buyers are families with children. They want to get in on the market before they have to deal with canceling summer events or vacations.
Selling Your Home In the Summer
Several reasons why you would sell your home in the spring are the same several reasons why you would sell your home in the summer, including school breaks, warm weather, and more hours to shop for a home.
Summer is also a time that people like to go on vacation, which could account for a slowdown in sales. There are also parts of the United States where real estate gets quite slow in the summer, as it becomes too hot for people to search comfortably. Some of the biggest real estate markets in the United States, including Las Vegas, Houston, Dallas, Charlotte, Tampa, and Miami, all have a late prime selling window of early July.
Selling Your Home In the Fall
The housing inventory is always much lower in the fall than it is with spring and summer, as people tend to be settled in by then. However, shoppers in fall are very serious, as they are likely moving due to a change in family situation or job relocation. This means that they are more eager to close deals.
If you have a hot real estate market, you won’t have to stress about seasonality. You likely won’t be able to sell to families to easily, as most buyers who have kids like to settle into new homes before the school year starts out.
Selling Your Home In the Winter
Winter is typically the slowest season for home-selling. However, if you live in an area that is pretty warm throughout the year, such as Florida or the Southwest, you may not have to worry about the winter cold affecting your ability to sell. In fact, your window might end up being a lot larger in the winter months, as many snowbirds flock to the warmer parts of the country.
Of course, there are no rules set in stone, as you have to take into account several other factors. However, understanding how seasonality could affect your ability to sell is very helpful in the planning portion of the process.