If you follow the real estate market at all then you’ve likely heard that spring is the best time of year to sell your home. But many experts today will tell you this isn’t always the case. The decision of when to sell is a personal one and it comes down to several different factors. If you’re thinking of putting your home on the market, here are a few timing considerations.
According to the National Association of REALTORS® (NAR), spring is generally the busiest time for selling a house. The organization found that in 2019, May and June accounted for 40 percent of annual sales volume, with June being the busiest, while November through February were the months with the fewest sales. This data reflects national trends, but in real estate, everything is local. REALTOR® Carin Whybrew, associate broker with Coldwell Banker Hubbell BriarWood, says in Michigan, spring is definitely a popular time, but not the only time.
“April through July typically draws the highest percentage of sales because the weather is warmer, yards look their best, buyers have more time to shop, it stays lighter longer in the evenings, and it’s prior to the start of a new school year,” she said. “I often have sellers prep the interior of their homes during the winter months, and then work on the exterior in March to get ready for an April listing.”