Spring is prime real estate selling season but there are many reasons to list a house any time throughout the year. The Donnelly Group has been in the real-estate industry in Maryland for over 20 years and has expertise that can help you make the right decision. Contact us for advice on the best time to sell your house.
Is Spring Really Better?
While existing home sales are often a little stronger from March to the end of June, the National Association of Realtors (NAR) data shows that house sales for the past 3-4 years are also strong in some summer, fall and even winter months. More importantly, the spread between each season is not overwhelming by any means. An independent study showed the following percentages of homes that went under contract within 30 days for each season:
- 39% Spring
- 38% Winter
- 36% Summer
- 34% Fall
So, while spring can be a great time to sell a home, there are many reasons NOT to wait. Lots of folks put their home on the market in spring, which means more inventory, which means more competition. People move at all times of the year. Summer is, historically, when many families opt to buy or sell, while kids are out of school. Empty nesters may wait until fall when the kids go off to college. Professionals move throughout the year depending upon career opportunities. Snow birds may want to buy or sell around the holidays before going south. Bottom line is, if you wait to put your house on the market until spring, you could miss out on all of these potential buyers.
Downsides of Spring?
In spring, many buyers flood the market at the same time sometimes causing an imbalance in supply and demand. Buyers can afford to be pickier during spring, when more houses are on the market and barter with sellers for competitive pricing. In the off-season, buyers may have fewer choices and may be willing to spend more for the perfect house. Limited options can motivate buyers, resulting in faster sales and larger profits.
The Donnelly Group has a dedicated Seller’s agent who can help you determine when is the best time to sell your home. View these video tips for more information! As a real-estate team in the top 1% of Maryland, we know houses sell in all seasons. Give us a call at (443) 308-4918 or contact us to partner with a team of agents who are devoted to improving the lives of our clients, one home at a time.
Don’t forget to check out our latest guide: 10 Ways To Sell Your Home Quickly