If you're in the market to buy a house, it can help to know what months sell the most homes. For example, October and November are often among the highest selling months for homes. In addition to being higher priced, homes are also moving faster in the fall. On average, they spend two to three days less on the market than they do in the spring and summer, visit Del Aria Investments & Holdings website.
May
May is the month when most houses are sold, according to a recent study by ATTOM Data Solutions. It's a great time to sell your house, as the median selling price is 12.6 percent higher than the median sales price for the same month last year. This is because buyers are attracted to the warm weather and may file taxes early to get additional cash from their tax refunds. In addition, buyers may want to settle in time for summer school break.
The best time to sell a house depends on the local market, however, the first two weeks of May are best. This period is the most profitable for sellers, as homes are sold 18.5 days faster and for 5.9 percent more than any other month. However, buyers are likely to be looking for a home during the warmer months, so sellers are advised to list their home during these months.
Springtime is also a great time to sell a home. Housing activity increases in February and March, and prices usually increase by 3 percent. Then, sales continue to climb throughout the summer and fall. The months of May, June, July, and August are the busiest months for home sales, accounting for 40 percent of all sales during the year.
During the spring and summer, sellers typically list their homes. The lower number of buyers means lower asking prices, and buyers will be more flexible with their offers. In addition, summer months have longer, sunny days, and real estate agents can accommodate more showing times in the spring and summer. Also, houses listed in the spring and summer months have the shortest average time on the market, as well as the highest median sales price.
June
June was the hottest month to sell a house in the United States, according to data from MLS. Median prices for existing homes increased by 13.3% from June last year and exceeded $400,000 for the second time in a row. In June, 88 percent of homes on the market were sold before the end of the month. On average, they spent 14 days on the market. However, mortgage rates slowed the pace of home sales, which could affect homebuilder stocks.
Despite the slowdown in June, housing supply is still plentiful. While pending listings are down, median listing prices are falling a bit compared to a year ago. In June 2017, homes stayed on the market for four days less than in May. That decrease is relatively modest compared to the three-month average seen in July 2018. The slowdown is likely to continue as buyers adjust to higher mortgage rates. It's still a good time to sell your house if you want to get the best price possible.
In early spring, when temperatures are still cool enough to spend time outdoors, sell homes faster and for higher median prices. Buying a home in these months will allow your family to settle into a new neighborhood, and school-age children can easily finish their school year at their current school. Also, warm weather makes it easier for real estate agents to get appointments and schedule showings. June also has the lowest median days on the market and the highest median sales price.
April
April is a great time to list a home. The market is typically warmer than the rest of the year, so it's likely to sell house faster. However, if you're selling a larger home, it may not be the best time to list. As summer approaches, families begin looking for new places to live. The best time to list a home is mid-April, so you won't have to worry about lowering prices if mortgage rates rise later in the month. However, if you're not ready to list your home in April, you can look at other weeks of the year.
In general, the first four weeks after a property hits the market are the most popular. This is when buyers start bidding, and the property appears 'fresh' to them. However, after this period, buyers start to get suspicious and assume something's wrong. By mid-September, properties that were listed in the spring or early summer will look 'old-fashioned'.
Another common misconception about spring is that the season is the best time to buy a home. While spring has more warm weather and lush landscaping, it's not the best time to sell a fixer-upper or a foreclosure. In addition, a spring seller's market means more competition, which can mean higher selling prices and more bidding wars. However, if you're looking for a quick sale, spring may be the right time for you.