What’s the Best Season to Sell your Home?

Many wonder-what’s the best season to sell my home? Since we are lucky enough to live in San Diego’s great climate, we don’t have as large of swings as many other parts of the county. Regardless, there are better times of year to put your home up for sale than others.

Redfin analyzed more than 7 million home sales over the past 4 years and divided the data into seasons, according to when the homes were first listed. Then, they analyzing which season was best for listing a home, according to two of the most common goals for sellers: Selling for more than the list price and going under contract within 30 days.

As many of us know, spring was the best time to list a home, but just barely. Spring offered the highest likelihood of selling above list price and of selling within 30 days, but winter  was surprisingly a close second.

Home price and days on market by season of year-best season to sell home

Source: Refin

Among spring listings, 18.7% of homes fetched above asking, with winter listings not far behind at 17.5%. While 48.0% of homes listed in spring sold within 30 days, 46.2% of homes in winter did the same.

While winter isn’t when most people want to think about selling, it’s not a bad time to list a home. You may have fewer people looking to buy, but those who are tent to be more serious. Buyers that time of year often need to move, so they’re much less likely to make a low offer and they’ll often want to close quickly. Another benefit of listing in the winter is less competition from other sellers. While spring can see a rush of homes coming on the market, homes that list in the winter are much more likely to stand out.

Fall can be a bit of a challenge. Buyers with kids generally want to get settled in their new home before the school year starts, so they’ve already closed in spring or summer. And right after you put it up for sale, the holiday season begins. This can delay the time it takes to close, and causes many buyers to pause their search. The last quarter of the year is just not an ideal time to put a home on the market, particularly if you want full price or a quick closing.

Homes sold in different seasons of the year by city-best season to sell home

Source: Refin

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: http://ryanyourrealtor.com

 

 

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