When you decide it’s time to sell your home, there are several factors to take into consideration for the best possible results. Working with a professional real estate team and making sure your house is ready for the market without pending inspections or repair are obvious suggestions for success. Timing is also important when it comes to making the most out of your investment. According to top industry information, the time to list homes for sale is now.
Data gathered by ShowingTime stands as proof that early spring is the best time to sell. ShowingTime is used by 40 of the nation’s top real estate firms to schedule online property showings on their websites. The web based software has been steadily tracking request activity on these websites since 2001, the results of which are shown in the graph below using a black line. The gray line reflects home sale activity based on data gathered from the National Association of Realtors. A consistent seasonal pattern is clear, and it demonstrates two things:
1.) Showings are typically at their peak during April and May.
2.) Closings generally peak between June and July, roughly sixty days after the showing activity peaks.
Data gathered from First Multiple Listing Service (FMLS) confirms this theory. Average sales prices throughout Georgia between 2006 and 2014 are taken into account in the chart below and measured across the year. Months 6-7 (June and July) show a consistently high peak in sales price.
The moral of the story is clear: According to three major industry leaders in real estate data aggregation, June and July deliver the highest results in terms of both the chances that your home will be purchased quickly and that it will fetch a higher overall sales prices. Sellers must be under contract by May and on the market by April to take full advantage of this seasonal spike in real estate prices. Contact us today to get started!
