If you’re looking to sell your home, timing is everything. According to data collected by ATTOM, there are several standout months throughout the year that boast the highest number of home sales. Here’s a breakdown of the most lucrative months, in order of ranking:
Of course, the timing of your home sale will depend on a number of factors, including your location and the current state of the housing market. However, by keeping these months in mind and working with a knowledgeable real estate agent, you’ll be in a great position to sell your home quickly and for a prime price.
The Best Months to Sell a Home
Selling your home is a major decision that requires careful consideration of timing. You might have a busy schedule, or you might need to wait until the market is favorable. As a home seller, you want the best price possible for your property. So, which months are the best for selling a home? According to multiple sources and research, the best months are May, June, July, and April. These four months see the highest number of home sales in the United States, together totaling over 17 million transactions.
Understanding the Seasonal Trends in Home Sales
The housing market has seasonal ebbs and flows that can affect the timing of a sale. During the winter months, buyers are often hesitant to leave the warmth of their homes. Also, the holidays can be a distraction for both buyers and sellers. On the other hand, in the spring and summer months, the weather is more accommodating, which makes home buying an ideal option. Families with kids who are finishing their school year usually want to buy during these seasons to have enough time to settle in before the start of the next school year.
Analyzing the Housing Market: Which Month is the Most Lucrative?
While no one can predict the housing market precisely, historic data provides a basis for determining which months are the most lucrative for selling your home. According to studies conducted by several industry sources, selling your home in the months of May, June, July, and April typically yields the best results. During these months, the demand is usually high, and bidding wars are common, which means that sellers can get top dollar for their properties in these months.
Examining the Data: Millions of Home Sales in April, May, June, and July
Data from the ATTOM shows that home purchases peak in the spring and summer months, with the most significant number of transactions occurring in April, May, June, and July. In April alone, there are over 400,000 home sales worth an estimated $143 billion. During this April-July period, over 17 million transactions occurred, making it the busiest time of the year for real estate professionals.
Factors that contribute to this surge in home sales:
- Buyers typically have more time off work or school during these months, making it easier to move and settle into a new home
- Families with children often prefer to move before the school year starts
- Spring is a period of renewal and awakening, and many people are motivated to make a fresh start at this time of the year. Home buying is a natural fit within this transition
Why Spring and Summer Months Are Ideal for Selling Your Home
Seasonal factors play a significant role in the housing market, and spring and summer months are ideal for showcasing your home’s exterior. During these months, your home’s curb appeal is highlighted beautifully due to blooming gardens and trees, vibrant colors, and sunny weather. Moreover, spring and summer months allow you to create a welcoming environment in your house by opening the windows and letting fresh air purify the home. This way, buyers can see the selling house in its best light.
Maximizing Your Profits: Tips for Selling during High-Demand Months
Selling your property during high-demand months can increase your profit, but you need to maximize your home’s appeal first. Here are some tips to help you sell your home more effectively:
Tip 1: Get your house ready as soon as the first signs of spring appear, and market it aggressively.
Tip 2: Stage your home to take advantage of the season. Let the sunlight in, and consider giving your home a fresh coat of paint to enhance its appeal.
Tip 3: Keep your lawn and garden in excellent shape, with colorful blooms and green grass.
Tip 4: Identify and repair any repair issues in your home – fixing any problems shows it at its best and that it does not require further expenses.
Tip 5: Work with a professional real estate agent who has experience selling homes in the spring and summer months, use their knowledge and expertise to its fullest.
In conclusion, the market for selling one’s home is reliant on seasonal trends. Homeowners should take advantage of these seasonal opportunities and consider selling their homes during the spring and summer months to maximize their profit. Use the tips outlined here to best show and market your property to potential buyers.
