Specifically, sales activity between February and March tends to increase by 34 percent, while prices increase by 3 percent. Sales continue to increase in the following months, but it is interesting to note that the months with the highest sales of homes are May, June, July and August. The spring months are often considered the best month to sell a home. In fact, across the country, the first two weeks of May tend to be the busiest and most lucrative for sellers.
Spring is a hot time of year for the real estate market. The warm weather and the end of the school year usually attract sellers and buyers en masse, creating a healthy market. That's both good and bad if you're looking for a new home. Options abound, but so does your competition.
You might even find yourself in a bidding war. The housing market may fluctuate with the seasons, but there are also broader market forces that can influence current home prices, inventory, and interest rates. Seeking the opinion of a local real estate expert will help you determine the best time to sell your home in New York. The Zillow homeowners panel is the fastest way to find out which month is the best to list a home in your area and calculate the selling price of your home now, but on the other hand, what are the slowest months for the real estate industry? In general, winter is the slowest time of the year to sell a property, specifically in November, December and January.
If you need to sell when sales prices tend to be lower, saving on real estate agent fees is usually your best bet for maximizing your profits. From the possibility of adjusting school schedules to the possibility of tax refunds, the final consensus is that the spring months represent numerous sales opportunities. The time from the contract to the closing table may vary by region, but agents suggest that buying a home takes about a month. Seasonality plays an important role in the homebuying process, but there are other factors, sometimes just as important, to consider when determining the best month to buy a home.
However, just as you don't want to sell a home in upstate New York in the dead of winter, it's also best to avoid selling houses in hot locations during the summer months. Generally, home prices will fall in the winter months because there are fewer buyers in the market. The final concession in most of the United States is that the winter months are often the worst months to sell a home because conditions are not ideal and because of the buyers' mentality that sellers must be desperate if they try to sell their home during the busy holiday season. If you're looking for the best selling price, the best month to sell in New York is May, when houses sell 4.98% more than the average.
As a real estate investor, it's important to understand what are the best times of the year to buy and sell your properties in the fastest way and at the best price. The final consensus about the fall months is that the lack of competition, together with the upcoming holidays and the changing weather, make September to November a difficult time of year to sell a home. No matter the time of year, Clever can connect you with a local real estate agent to help you sell quickly and for more money.
