Spring has traditionally been the optimal time of year to sell a house.
List it any other time and it could take months longer to find a buyer. The reasons are varied. The weather is warmer so people tend to get out more to look at houses. There are more daylight hours available for house hunting in spring, and families with children want to get settled into a new home before the school year starts in the fall, according to the National Association of Realtors.
Homes also have more curb appeal in spring and summer. Yards are green, trees finally have their foliage and flowers are blooming, all of which make a potential buyer more likely to walk inside.
While there are more homes to choose from in spring and summer, it’s still the best time for sellers to get their best price for all of the above reasons.
Consulting a realtor can give you a better handle on the state of the housing market in your area, but according to Consumer Reports, on average, the month of May is the best time to list a house in the Chicagoland area, and can net you an average of $1,700 more. Houses also sell more quickly in spring.
Home buying peaks in June, says NAR, but if you’re not quite ready to list your home, it can still sell during other times of year. For buyers without children there’s no rush to purchase during the summer months. Those experiencing job transfers, a change of employment or who need to move for other reasons all may be looking to move during any given time of year.
Also, adds NAR, it’s best to wait until several other homes in your neighborhood have been listed. If yours is first, it may be priced based on homes that sold for less during the off-season.
ReMax Real Estate Concepts
120 N 2nd Avenue West
Newton, IA 50208