The housing market in most areas is hotter than ever before, with more people looking for a more personalized home experience as they are living and working from their homes now in many cases.
However, picking the best time to sell a house may bring you in better offers and even more buyers looking, which can lead to competitive and multiple offers, which can be ideal when you’re selling a house.
If you’re not urgently in need of selling your house, then determining when is the best time to sell a house may lead to higher profits by simply waiting a few months.
In this article, we’ll review the best time to sell a house and the worst time to sell a house.
The best time to sell a house based on the past ten years’ worth of sales across the U.S. is May, but that doesn’t mean you start your sales process in May and instantly sell.
If you’ve prepared your house and gotten the sales process started early with a May date in mind for your sale, you may see the highest average sale price.
You’ll see similar sales results with months around May, including June and July being the next best time to sell a house.
You should prep and get your home ready to sell in March and April, which also have reasonable sale price averages, and is often seen as the start of the summer selling season.
If you haven’t sold by September, then you may start seeing sale prices start to decline on average for most homes depending on the market, so it may be worthwhile to consider waiting for a few months for the sales cycle to start up.