Wednesday, March 3, 2010

When’s the Best Time of the Year to Sell Your Home?



Everybody believes that spring is the best time to sell a home! 

After all, the most buyers are out…the flowers really add to curb appeal…parents want to get their kids into school before summer ends…and so forth. But, you know what? It’s a myth! Of course, spring can be a great time to sell, but not always as most people believe!

That’s because the housing market could care less about what time of year it is. Here’s what really determines the best time of year for sales:

When the inventory is lowest and demand is at its highest!

That’s it! That’s all there is to it. But, rather than have you just accept my word for it, let me give you some research I did on the market over the last few years, first in selling and then in buying. Read on and get your eyes opened!

Best Selling Months (2005-2009)

2005 - June
2006 – February
2007 – March
2008 – October
2009 – November

Best Buying Months (2005-2009)

2005 – November
2006 – September
2007 - October
2008 - May
2009 - April

From the list above, you can see the proof of what I said. Depending on the year, the best months for buying/selling could range from spring to fall to the dead of winter!

Conclusion: The best periods for buying or selling a home have nothing to do with the seasons! It all has to do with supply and demand, interest rates, economic conditions, and so forth.

So, what all this information tells you is that you need to contact us today to find out what’s actually going on in the housing market! Don’t simply wait until spring; otherwise, the prime time to sell or buy may pass you by!

Call us today at 650.947.4787 or contact us immediately at dnicoli@interorealestate.com and we’ll give you the latest news on market conditions! Don’t wait!

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