When Is the Best Time to Sell?

By: Jorge Lopez, May 10, 2016

It’s true that selling a home can take several months, but there are supposed dates that could assist in speeding up the process and potentially allow you to sell your home at a higher price, something often referred to as a “magic window”. As you might guess, this window is generally in May so it’s definitely worth taking into account if you have plans to sell your home at some point in the near future.

Listing your home at the most opportune time can yield significant results. Homes listed during the peak sales period sold for a premium of $1,700 per recent housing data. During such periods, homes also went into contract about 19 days quicker than they typically do during other times of the year.

While May be the so-called “magic window” for selling, there are factors that can affect a sale including market conditions. However, the market is currently favoring sellers.  Home values have increased and inventory has decreased by six percent compared to 2015. Before you move forward, you should consult with a real estate agent to determine how strong the market is, how many days homes are remaining on the market, and what the current inventory is. You may also want to consider asking your agent for the ratio between sales prices and list prices.

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