Nationally, the best time to sell a home is March if you're trying to sell quickly, while the best time to maximize profits is July. Zillow recommends listing your home for sale in March, but no later than Labor Day, based on historical market trends. Although June and July are the best times to sell across the country, they may not be the best times of the year to sell in your particular market. Every city is different and the best times of year to sell may change over time.
Ultimately, if you want to get the best selling price on your home, the best months to sell a home are May and June. If you spend the first part of spring getting your house ready for sale, you'll be well on your way to selling it for what we hope will be a quick sale with a high average sales price in May or June. Many consider the summer months to be peak real estate season, and for good reason. The uptick in buyers that sellers see in spring is in overdrive when the long summer days arrive.
The months of May, June and August are the most common, since they represent 40% of the annual volume of real estate sales. Home buying fervor tends to peak in June, says NAR. These months are considered to be the hottest months due to the warmer climate, and it's easier for families to move school-age children in the coming summer months. And summer prices soar slightly, averaging 1.37% higher than the average sales price from June to August.
Selling a house that was recently updated in a booming housing market during a peak month, especially when mortgage rates have been as low as before, can mean good things to sell your investment in a quick sale at a great sale price. To determine the premiums or discounts that sellers earned on a given day, ATTOM Data Solutions compared the average sales price of homes with a purchase that closed that day with the automatic valuation model (AVM) of the median of those same properties at the time of sale. If you're looking for advice on a specific month to list your house for sale and get the best selling price, choose June. There you have it, now you know what are the best and the worst months to sell a house in the local real estate market.
But even in a more typical market, timing is everything, and this is particularly true when selling a home. This statistic measures how long houses remain on the market before they are the subject of a contract and can change from year to year and even from month to month. But your motivation to sell, along with the right time for your situation, ultimately dictate the best time of year to list your home and sell it. The free online resource reveals when homes in your area tend to generate higher sales and fewer days on the market, which can help you get more money and sell in fewer days.
Because a home is such a big investment, understanding the best month to sell a home can help increase the number of people interested in your home and, by extension, could help increase the sale price and make you more money. However, winter may be the best time to sell your home if you live in a warm climate state like Arizona, when snowbirds may decide to buy a second home to escape the harsh winters of the Northeast or the Midwest. In most areas, the days of selling homes on the market generally increase in the fall, as few buyers are looking for a home and sellers and their agents get nervous and must reduce prices to take any action. Homes sold in July and August do so faster than other months of the year, with 5.92 days and 5.86 days faster than the average, respectively, according to HomeLight.