If you’re a homeowner curious about how to time your listing for the fastest sale at the best price, four primary considerations will help you determine when it’s your home’s moment to shine!
Historically, late spring and early summer yield the highest home sale profits; the highest sale prices nationwide are typically in May, June, and July each year. However, there are other circumstances to consider, especially in a changing national economy. Make your decision about when to list your home based on factors below.
1. Local Seasonality
The weather in April is usually much colder in Connecticut than in North Carolina. Homeowners in the south can list their homes successfully in early spring because the seasonal charm boosts curb appeal. On the other hand, homeowners in the northeast may be wise to wait until spring has fully sprung before getting their properties on the market.
Late spring and early summer listings make sense for buyers and sellers with families because relocating is easier while children are on school breaks.
Suppose your property is in the south or other warm regions. In that case, you may benefit from listing in cooler months like February and March since the heat can be unbearable by May, impeding moving logistics and home improvement projects.
If you live in a warm tourist destination (like Florida), it makes sense to get your home on the market between Thanksgiving and Easter, when most of the U.S. experiences colder weather. Check with a knowledgeable real estate agent about the times of the year when your local market is hottest.
2. Interest Rates
Be aware of the current interest rates before listing your home. When interest is low, mortgages are more affordable and attainable for prospective buyers, so it will be easier to sell your home.
Sale prices will differ based on whether you are in a booming city, a suburb, or a more rural region. Historically, areas with denser populations correlate with more demand for housing. Things have changed since 2020, as more people are working from home. Therefore, prospective buyers can live in suburbs and rural areas.
4. Market Conditions
The pandemic accelerated a “sellers’ market” throughout the country, meaning there is more demand for homes than inventory. Houses sell quickly and for more money in a seller’s market when competition is high. However, in 2022, market conditions are shifting; it’s still a seller’s market, but there is less demand due to higher interest rates and inflation.
When not to list your home on the market
It’s clear that real estate trends follow the weather, so September and February is not the best time to list in most regions. Your listing may not be as impactful since people travel to see family during the holiday seasons.
Before you list, make time for home improvements
If you’re a homeowner getting ready to list this year, make sure to make strategic home improvements. Upgrades will increase the profit of your sale as buyers overwhelmingly favor move-in-ready homes over “fixer-uppers.”
Curbio helps homeowners and real estate agents with pre-listing repairs for the quickest, most profitable results. We’ll finance and manage your projects; you’ll only pay once your home sells. Now is the perfect time to get started with a free, same-day estimate!