15-Sep-2017

When

They say you are lucky if you own a home. However, based on individual needs and circumstances, we often face a scenario of needing to sell a home. Selling properties at the best price can be a horrendous task especially if there are fewer buyers in your area. There a number of factors to consider before selling your property. One of the most important factors that affect the salability of homes is the season in which you put up your property for sale. Every year, there will be different sales trends. However, some seasons have been established as consistently profitable for homeowners wanting to sell their properties.

Best Home Sale Months

The Homelight national agents’ survey says that March, April, and May are the best months of the year to sell your home.  The best time to sell a home will be when there are multiple buyers in your area. Spring might be the best time to list your property as buyers are more prepared to go house hunting with the start of the good weather. Many families like to match their home purchase with the start of the school year.  During the spring, with tax refund checks in the bank, spring buyers more often pay full price.

According to a report from Zillow, “listing your home [during the spring] will increase the chances of selling it faster and for more money. In fact, homes listed from May 1 to May 15, have a record of selling nine days faster and for one percent more”. Zillow also found that listing your home on certain days of the week can help you get a better deal —listings posted on Saturdays earn 20 percent more views and Friday listings receive 14 percent more views that those published earlier in the week. People have time to view properties on weekends and strategically posting your property for sale just at the start of the weekend will imply the higher number of views.

Spring is the best time to sell a home

Location Differences

The best time of the year to sell your home also varies according to the place where the property is situated. The below table lists the best time-frame of the year to list your home in the top cities.

Home Sales Chart by Location

Source: Zillow

In general, the spring and summer months are great months to sell because of the warm weather and daylight. However, homes can sell at any time of the year if you price them right and they appeal to the right buyer. Good luck with your home sale!

Manasi Gandhi

Manasi Gandhi

Contributing Writer at InsuredMine
Manasi is an MBA in Finance from Willamette University. She has worked with companies like Intel and General Mills as a finance analyst. She loves writing blogs and creating paintings. Some of her other hobbies include travelling and discovering new cultures.
Manasi Gandhi

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