When you’re ready to list your home, timing can be everything. If you’re considering listing it for sale this year, you may want to know when is the best time to do so in the real estate market across the country.
There are many potential factors that go into a successful home sale, including how much inventory of homes on the market there is in your area at any given time.
The real estate market often fluctuates based on seasons and holidays. In some regions, housing inventory is low during the winter months while others have abundant supply during summer and spring. If you’re looking to sell your home, here are some helpful tips:
What’s the best time of year to list your home?
Some real estate experts advise you to list your home during the spring or summer months when inventory is higher. Others suggest that autumn or winter months are better if you want to avoid competing against other homes on the market.
Ultimately, there are no concrete rules when it comes to the best time to list your home. It will depend on factors specific to your particular housing market and neighborhood. Zillow Research has found that the best time to list a home varies based on season, location, and market conditions.
When is the worst time to list your home?
The worst time to list your home is likely during the winter months when inventory is low. If you’re trying to sell during this time, you may find it challenging to find a homebuyer.
Real estate markets see the most inventory during the spring and summer months. If you list your home during this time, you’ll likely compete with other sellers in your neighborhood, driving down your chances of landing a quick sale.
That’s why some experts suggest that autumn or winter is the best time to list your home, when fewer people are listing their homes and competition is less fierce.
Other important things to consider
The time of year you list your home may impact its price. While home sales are typically lower in winter, your home may sell for a higher price in colder months. Why? The lower demand for houses during the winter months may lead to a higher price for winter listings.
Zillow Research found that, nationwide. The average listing price for homes sold during the winter months was about 5% higher than those sold during the spring and summer. If you’re listing your home during the winter, you may be able to command a higher price.
You should also keep in mind that some markets experience higher demand during certain seasons. For example, Southern California and Miami typically see a spike in home sales during the winter months.
How to know when it’s the best time to list your home?
A top agent can help you create a timing strategy that meets your needs. A good agent will help you understand your local area and help you reach your goals. Regardless of whether you are trying to maximize your price or sell quickly.
Agents can also help sellers understand what goes into preparing for a home sale, so they’re ready to hit the market at the right time with the house putting its best foot forward.
The longer they work with you, the more time they will have to prepare your house and meet your goals.
Conclusion
When is the best time to list your home? It depends on a variety of factors, including the season and market conditions in your area. If you’re thinking about selling this year, keep these factors in mind.
You can also use a top real estate agent to get a better idea of when you have the best chance of selling your home.