Is there a best time to buy and sell a home?

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Generally, the real estate market picks up in the early spring. Homes sell all year round. The market works like any other based on supply and demand.

During the summer, the market usually slows a little bit as we get closer to the start of school. Sometimes, it is said the strong spring market often places upward pressure on interest rates and prices.

After the summer slowdown, sales activity tends to pick up for a second fall round, although less vigorous, season which usually lasts to Thanksgiving. Between the Thanksgiving holiday and New Years is the slowest time of year. Keep in mind the biggest driving force behind home demand are jobs and interest rates. People are moved in their jobs all year round and interest rates are not seasonal.

Sellers often wonder whether or not they should take their homes off the market for the holidays. You’ll have the best results if your house is available to show to prospective buyers continuously until it sells. During the holidays, there are buyers in the marketplace, but those buyers have fewer homes to choose from. Those homes on the market at that time have considerably less competition.


Notice: This website contains general information about legal and financial matters. The information is not advice, and should not be treated as such. You must not rely on the information on this website as an alternative to legal or financial advice from your attorney, accountant or other professional services provider. If you have any specific questions about any legal and financial matter you should consult your attorney, accountant or other professional services provider.