Have you ever wondered what the best time of year is to buy or sell a home? The answer is, there’s technically no “best” time. That being said, you can find great opportunities during seasonal real estate market trends. Below you’ll find some of the benefits of shopping or listing your home during different times of the year.
Fall and winter
The colder months offer a few different advantages. For one, there’s less inventory because, frankly, people prefer not to move during the cold. If you’re considering listing your home for sale, this means less competition and a higher chance your home will be seen. Another thing you may notice is that the holiday season tends to keep people indoors. Although there may be fewer buyers than other seasons, the ones actively looking are highly motivated. So, the fall and winter can actually be advantageous to both buyers and sellers.
Spring and summer
Sunshine, blue skies and fresh air tends to get buyers and sellers out into the market. It’s a bit easier to go home shopping or to host open houses when there’s no snow and ice on the ground. Landscaping and the exterior aesthetic of a home are also improved once the ground thaws and flowers and green grass start to grow again. Buyers will have more homes to choose from but need to make decisions a bit faster given the amount of competition. Sellers have more listings to compete with, but this is often offset by the larger number of buyers looking. Spring and Summer are the busiest time of year for real estate.
Final notes on seasonal real estate market trends
Work with an agent who knows the market and understands the seasonal real estate market trends and how to price homes and negotiate offers accordingly. If you are buying, this will ensure you get the right home, at the right value. If you are selling, your agent can help you properly price and market your home to stand out from the competition. Each season has its benefits and challenges. The perfect time to buy or sell comes down to you and your family, your circumstances, and your needs. In any season, working with the right agent can make a huge difference in your home buying and selling experience.