In addition to “location, location, location” being a tried and true real estate mantra, one of the other common themes when it comes to property is that the best time to sell your home is in the Spring.
But is this really the case?
Well, according to a recent Zillow study, it was found that homes that were listed between May 1st and May 15th actually sold, on average, about 18.5 days faster than homes that were not listed during this same time frame.1
The study also found that homes that were sold between mid-March to mid-April will, on average, sell roughly 15 percent faster – and for 2% more – than the average property listings. So, depending on your selling price, this could mean more money in your pocket, as well as the ability to forgo having to pay the carrying costs of your current property for a long period of time.
In fact, the authors of “Zillow Talk: The New Rules of Real Estate,” actually cited what they term the “magic window” of time where you may have the best outcome when listing your property for sale.
While this window is between mid-March and mid-April, the time frame can be pin pointed even further, depending on where in the country your home is located. This is because hot or cold weather can factor into the overall plan.
For instance, in the San Francisco area, if listing your home within the magic window time frame, homes can sell for closer to 6% above their average listing, whereas in areas like Boston, where the winter season can be more harsh and last a lot longer, the best time to list is between mid- and late-April.2
If you’re considering putting your current home on the market, spring could be the ideal time. For more information on how to get your property sold quickly and seamlessly, give us a call today.