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best time to list

When is the best time to list your house for sale?

May 22, 20234 min read

You may know the saying, the best time to do something was … yesterday. The second best time is today.

Spring is here! So when is the best time to list your house?

Well the real estate market can fluctuate and there is a lot of data connecting sale prices, number of days homes are listed and time of year. Although the best time to sell a house can depend on various factors such as the local real estate market conditions, economic conditions, and seasonal trends, traditionally, the spring season (March to May) is considered the best time to sell a house. In many regions as the weather improves, more buyers are actively searching for homes.

During the spring season, buyers are often looking to move before the start of a new school year, making it an ideal time for families to purchase a new home. Additionally, in many areas, the housing inventory is generally low during the winter months, and as the spring season begins, more homes become available, creating a more competitive market for sellers.

If you are not quite ready, you can still hit the peak market in Summer. Listing your house in the summer can have both advantages and disadvantages depending on how you look at it.

Pros:

1. High buyer demand: Summer is often a popular time for families to move, as it coincides with the end of the school year. This means there may be more buyers actively looking for homes, increasing the potential for a quick sale.

2. Longer days and better weather: The longer daylight hours and good weather can make your property look more attractive to buyers, and it can be easier to showcase your home's outdoor living areas and curb appeal.

3. Improved curb appeal: Landscaping and gardens are often at their best during the summer months, which can help to make your property more attractive to potential buyers.

Cons:

1. Increased competition: With more homes being listed during the summer, there can be an increase in competition, making it more challenging to attract buyers.

2. Vacation season: Summer is a popular time for vacations, and potential buyers may be away during the time your property is listed, limiting the number of showings.

3. Higher costs: With increased demand, there may be higher costs associated with selling a home during the summer months, such as agent fees and marketing expenses.

Listing a home for sale during peak market conditions can also have both advantages and disadvantages.

Pros:

1. Higher selling price: Peak market conditions typically mean increased demand for homes, resulting in higher selling prices and potentially generating more profit for the seller.

2. Faster sales: With more buyers actively looking for homes, it may result in a quicker sale for the seller.

3. More negotiating power: In a seller's market, where demand exceeds supply, sellers may have more negotiating power and be able to secure better terms and conditions for the sale of their home.

Cons:

1. Increased competition: During peak market conditions, there may be more sellers looking to take advantage of the high demand, which means more competition for buyers' attention.

2. More pressure to sell quickly: In a seller's market, sellers may feel pressured to accept the first offer they receive, even if it is lower than expected, to avoid losing the opportunity to sell quickly.

3. Limited inventory: During peak market conditions, there may be a limited inventory of available homes for buyers to choose from, which could lead to potential buyers waiting to find the perfect home, resulting in a longer time on the market for some sellers.

Wondering what the best day to list your home is?

Research has shown that the best day to list a house is generally on a Thursday, followed by Friday.

Listing a house on a Thursday allows for potential buyers to plan and schedule weekend showings, giving them ample time to prepare for the visit. Additionally, listing a house on a Thursday allows it to appear at the top of many online search results over the weekend when more buyers are actively searching for properties.

Listing a house on a Friday can also be beneficial as it allows potential buyers to view the property over the weekend, and it may give the property more exposure to buyers who have set up alerts for new listings.


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