Conventional wisdom says to sell in spring, but fall can work, too.
Yes, technically the best time to sell is spring. For the U.S. as a whole, the spring real estate market is when houses spend the least time on the market and get the best returns generally. However, the fall season has many of the same advantages that the spring does.
Some buyers didn’t purchase in spring.
The spring market is fast-paced and hot, and many buyers don’t end up with a home. So, they’re still in the marketplace. However, spring buyers may take a break from actively looking in the summer because of vacations, or (in the case of Texas) it’s just too hot to go around looking at homes. Those buyers from spring may roll over into fall.
Fall is a transitional time for many.
Generally, the fall season buying season is for people who are starting new jobs, and usually, they’re moving from another city. Meaning, they may be more price-sensitive than spring buyers, but also have a stronger motivation to buy. A thoughtfully priced house can do well in this type of market.
Settle in before the winter.
Any buyers still in the market after the spring rush are extra motivated to buy because no one wants to move in winter. School and work are in full swing, which is difficult for parents. Cold weather is not enjoyable to move boxes. Moreover, lastly, everyone wants to be settled, nice and cozy, in their home before the holiday season.
There is no single “right” season to sell.
Honestly, all the advice about what season to sell your home is very general advice. The market is always fluctuating and any given month could be a good, or bad, time to sell your home depending on where you live. You’ll need an agent to guide you through the listing process that knows the market.
Ultimately, selling your home for a reasonable price at a time that is ideal for you and your family requires the expertise of an excellent real estate agent. If you are interested in selling your home, contact McDougal Real Estate.