In the world of real estate, many professionals believe that winter is the worst time to buy or sell a home. But is there any fact to this belief or is it just a superstition? Also, can the reverse be true of hotter seasons, like summer and spring? Learn more about how a specific time of the year can affect your efforts to buy or sell a home.
Best Time to Sell
So, are spring and summer truly the best time to buy and sell homes? The answer is yes, but to a point. Summer and spring, particularly the period between March and May, are the times where the market is the most active. However, this isn’t always the case. For instance, while San Francisco’s best times were during those months, San Diego saw the highest sales in November instead. This is because San Diego has a very even, consistent climate throughout the year, providing no obvious optimal time for the market.
So, while spring and summer are generally the best times to sell a home, there is a difference depending on the location. The factors that affect the best market time between states include:
If you are looking to buy or sell a home at the most efficient time, research what the busiest period is according to your area.
Advantages of Winter
Even a traditional winter that real estate experts would find unappealing has its own set of benefits. For some people, buying and selling homes in the winter is the ideal time because of some unexpected advantages.
Solutions for Winter
Someone willing to take advantage of the small, but reliable winter market can take a few steps to improve his or her home and make it more attractive to winter buyers. Some of these steps include:
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