When is the best time to sell a house?
During the peak of the pandemic, traditional seasonal patterns disappeared in the housing market. Any time was a good time to sell due to high demand for homes. However, as the market has returned to normal, timing has once again become an important consideration for home sellers.
Some patterns and trends usually hold true throughout the year. Late spring and early summer are generally the best times to sell. According to a 2023 report by ATTOM Data Solutions, sellers can earn thousands of dollars more by selling in the peak months of May, June, and April, compared to the slower months of October, November, and December.
The Best Month To Sell A Home
Hands down, the best month to sell a house is May, with homes selling at a 12.8 percent premium based on ATTOM’s analysis of single-family home and condo sales over the past 10 years.
The top 4 highest-earning months to sell a home are: May, June, April, and March. During this period, over 18 million purchase transactions took place, according to ATTOM. June comes in second place, with a 10.7 percent seller premium compared to May’s 12.8 percent. March and April, the prime homebuying season, bring in premiums of 9.7 percent and 10.3 percent, respectively. By October, seller premiums have decreased to 6.8 percent.
These statistics confirm the common wisdom that spring and summer attract the most buyer attention. However, this can make it challenging for buyers during that time due to higher prices and increased demand.
What About Recessions?
During a recession, established housing market trends may no longer hold. It can be risky to sell or buy a home during an economic downturn. When the economy contracts, unemployment rises, and potential buyers may face income declines, making mortgage approval more difficult.
Additionally, selling your home involves paying real estate commissions and closing costs that can amount to tens of thousands of dollars. But what happens if a situation arises that necessitates the selling of your home during a recession? You could try to wait until the economy stabilizes but that could be years.
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However, with Fast Cash Properties, we specialize in taking the weight of trying to time the market or the economic cycle off of your shoulders! If time is of the essence and you are looking for the FASTEST and FAIR ALL CASH offer for your home? We can help! With guaranteed funding and quick closings your path to getting money fast for your home is clear!
If your looking to sell your home, a probate home, or even avoid foreclosure, there is no better team than Fast Cash Properties! We are proud to say that our experts have helped many others to get the fairest and fastest offer for their property and we look forward to helping you too!
Contact our team today to learn how we can help you today!!