The time of year can make a difference in how fast your home sells and for how much. Here are the seasonal outlooks for the best time of year to sell your house in 2022.
Winter
At the end of 2021, more buyers are looking for homes than available houses for sale. This seller’s market means homes are currently going for higher prices and not spending many days on the market. This trend is forecast to continue in 2022.
Another reason to list in winter is to take advantage of low mortgage rates. This helps boost your buying power if you are purchasing another home. It also allows more people to qualify for your current place, bringing more potential buyers to your door.
Since many home sellers are hesitant to list their property in the winter months, inventory tends to be lower. That means less competition for you and may make you the only choice available in your neighborhood. Plus, agents are less busy and give your home sale more attention than in the more active months.
Spring
Traditionally, spring is considered the prime time for real estate sales nationwide. There are several reasons for this. Families want to settle in before the school year, and the better weather makes home shopping enjoyable.
Top agents recommend listing your home on the weekend in April, May or June to take full advantage of this popular sales season. The increase in buyers means more offers for your home and could generate a higher sales price, too.
On the downside, you are up against more competition and have to make sure your house stands out in the crowded market. The best way to do this is to partner with a top local agent who knows how to price your home right and stage it attractively.
Summer
Most of the springtime listed homes have sold by July, and the competition decreases. Families wanting to buy before school starts are ready to make offers and do a quick close. However, vacations and excessive heat may minimize the buyer pool.
Autumn
Real estate sales fall in autumn with fewer buyers and lower inventory. As a result, any lingering listings from the spring and summer seasons are priced low. That may cause you to need to list your home lower and throw in extra concessions to make a sale.
Now Is the Best Time of Year To Sell Your House
Seasonal market conditions are one consideration in deciding the best time of year to sell your house. However, sometimes personal reasons result in a need to sell now. Hiring an experienced real estate agent helps you successfully market and sell your property at any time of the year. At FastExpert, we are ready to help you sell your home by connecting you with the top agents in your area. Contact us today to get started.