What is the Best Time of Year to Sell My House? | Wellesley, MA & The Boston Suburbs
What is the best time of year to sell your home? Let’s kick things off with spring. In Wellesley, spring is often considered the prime selling season. As the weather warms up, buyers come out in droves. You’ll see your neighborhood blooming, and homes show their best (side with vibrant gardens). Plus, families want to settle in before the new school year starts, making this an ideal time to list. In Wellesley we see the MOST homes listed between April Vacation and Memorial Day and we averaged 16 new homes per week on the market last year. Fall can be surprisingly effective for selling. The market tends to cool off, meaning less competition. Buyers who are looking in the fall are often more serious, which could lead to quicker sales and better offers. The Fall market is very quick, peaking between Labor Day and Columbus Day. While spring is busy, summer can also be a great time to sell. Many buyers are still looking, and if you have a pool or outdoor space, this can be a real selling point. Just keep in mind that vacations might slow down traffic a bit. The first two weekends post Memorial Day and July 4th is where the inventory peaks and it quickly falls off as the calendar turns to August. Finally, winter. While many people think it’s a tough time to sell, there are advantages. Motivated buyers who are house-hunting during the holidays are often more serious, and you can showcase your home’s cozy charm. Whether it’s because of a job transfer or other another immediate need, some buyers myst buy now and can’t wait until spring. 2. There may be fewer buyers looking then in the Spring but those who enter or remain in the market between now and year-end are fundamentally more motivated and serious about making the purchase. 3. While there typically is more buyer demand in the Springtime, there are also many more homes available which means more competition. During the holidays, less properties available for a motivated buyer pool can mean a higher percentage chance of legitimate offers. Less choices, less negotiation, higher price. 4. Many corporations do transfer employees if they are, during the last quarter of a year. 5. Job transferees often do take holiday vacation days to house hunt. 6. Many Buyers who have an immediate need must buy now and can’t wait until the Spring. 7. There’s nothing like a well-dressed and decorated home during the holiday season. It sends a powerful subliminal message of “just picture you and your family here.” At the end of the day you should always sell when it makes the most sense for your personal situation. If you are looking to sell your home and have questions, our information is below!