The Best and Worst Months to Sell a House: What You Need to Know
Homes in the U.S. usually stay on the market for 22 days. The average time to close a house is 49 days. So, from listing to closing, it takes about 71 days.
And while that period may vary depending on various factors, that’s a long time to wait. It’s two months of waiting, showing, negotiating, and stressing.
But what if you could sell faster? What if you could time your sale right and get a fair cash deal? This guide explores the role of timing in real estate sales, recommending the best and worst months to sell a house.
Keep reading to learn more.
What’s the Role of Timing in Real Estate?
Timing is everything when it comes to selling real estate. Taking advantage of peak buying seasons allows sellers to maximize their home’s value and sell quickly. Listing at the ideal time when buyers are most active prevents having to lower prices later or wait for months to find the right buyer.
Of course, variables like school calendars, weather, holidays, employment trends, and more influence cycles. A savvy real estate agent tracks these trends to advise clients on the best timing for buying or selling based on local conditions.
Flexibility on timing is key. While less ideal windows bring challenges, adjusting the price and strategy can help motivate the right buyers or sellers. Patience may also be required if holding out for peak demand is an option.
In real estate, almost any transaction will benefit from proper timing. Whether buying, selling, or investing, aligning with seasonal highs leads to better outcomes. The same is true if you have a deeper understanding of market movements.
What are the Worst Months to Sell a House?
The real estate market experiences ups and downs in activity and buyer demand throughout the year. Certain months tend to see slower home sales and lower prices due to conditions being less favorable for buyers. If possible, avoiding listing a home during the slowest times of the year can prevent headaches for sellers.
January
January marks the onset of the winter home sale season. The market experiences a notable dip in inventory. That’s because few homeowners want to list their properties immediately after the holidays.
This scarcity of homes available for sale can be advantageous for those willing to brave the winter market due to reduced competition. But with fewer homes on the market, many prospective buyers scale back their search efforts. As a result, you may have to sell below the list price due to the limited buyer activity during this season.
November & December
The real estate market experiences a noticeable slowdown as the year transitions from late fall to the holiday season. The focus shifts from shopping for a house to the holidays. People start planning for travel, festivities, and spending time with loved ones.
The shift in priorities leads to reduced buyer activity. The result is a temporary dip in sales and property prices. Those hoping to sell during these months should be prepared for a more patient approach. While homes may remain on the market for longer, opportunities may arise to secure a fair cash deal from motivated buyers.
February
Amid winter, February emerges as one of the slowest months for pending home sales. The cold weather tends to keep potential buyers indoors. This leads to a decline in market activity.
Sellers determined to make a sale during this period should consider offering incentives. These may include adjusting the price, making some home improvements, and other attractive terms. Adapting to the conditions of the season’s conditions is a great way to entice buyers and successfully close deals.
What are the Best Months to Sell a House?
Now that we’ve explored the less favorable months for selling a house let’s turn our attention to the brighter side of the real estate calendar. During these months, the sun isn’t the only thing shining – the real estate market is also ablaze with activity. Homeowners looking to make a profitable sale should take note of these prime opportunities.
March & April
As winter weather subsides, March and April tend to see major upswings in buyer demand and homes going under contract. Warmer temperatures make house hunting more appealing. Families want to get moved and settled into a new home before the hectic summer season begins.
Schools are still in session during March and April, so buyers can enroll kids before summer break. The increase in eager buyers competing for homes on the market leads to real estate bidding wars and houses selling above the asking price. Sellers who list in early spring take advantage of surging demand before peak summer when more inventory becomes available.
May & June
May and June are peak months to sell real estate as the summer home-buying season kicks into high gear. Families with school-age children want to secure a new home and get moved before the next school year starts.
Buyer demand surges along with new listings coming on the market. Bidding wars are common and as such, sellers who time their listing for May/June can often expect quick sales and multiple offers above the asking price. Competition is also high, so properties must be priced right and in good condition to generate buyer interest.
July & August
July and August maintain strong buyer demand in most markets, making summer a top-selling season. Families are still looking for homes to get settled into before school starts up again. The inventory of homes available rises during the summer months as well.
Higher supply helps absorb demand. With kids out of school, buyers can be more flexible on move dates to buy a home quickly within their timeframe. Despite heat waves in some regions, buyer traffic stays relatively high. Pricing to current market values and having a property in move-in shape are key to selling quickly.
What If I Don’t Want to Wait Until the Ideal Months?
While timing your home sale for the best months can be advantageous, life often has its own schedule. If you find yourself needing to sell your house outside of the prime seasons, don’t worry. There are strategies you can employ to snag a fair cash deal regardless of the timing.
Price Competitively
In any season, pricing your home competitively is key. Research comparable homes in your area to determine a reasonable and appealing price point. A well-informed price can attract buyers and increase the likelihood of selling your house fast.
Prepare the Property
Regardless of the season, preparing your property is essential. Make any necessary repairs, enhance curb appeal, and consider staging your home to make it more inviting. First impressions matter, and a well-maintained property can stand out to potential buyers.
Consider Incentives
To attract buyers in slower months, consider offering incentives. Covering part or all of the closing costs can make your home more appealing. Additionally, flexible moving dates or other perks can entice buyers even in less favorable seasons.
Hire a Real Estate Agent
Enlisting the services of a seasoned real estate professional can be a game-changer. This is especially true when selling outside the prime seasons.
Agents bring market expertise, negotiation skills, and marketing strategies to the table. They can help you navigate challenges, reach a wider audience, and ultimately secure a cash home sale.
Highlight Upgrades and Features
Regardless of the season, it’s crucial to emphasize what makes your home unique. Showcase any recent upgrades or standout features that could attract buyers. Whether it’s a renovated kitchen, a cozy fireplace, or a spacious backyard, these selling points can pique buyer interest in any season.
Rent During Off-Seasons
If selling during the less favorable months doesn’t align with your goals, consider renting your property instead. This approach allows you to generate income while waiting for more favorable market conditions. Renting during the off-season can help you avoid dropping your price significantly, ensuring you get the best value for your home.
Sell in Winter to Investors
Winter may not be the most popular time for homebuyers, but it can attract investors seeking deals. Investors often look for opportunities during the off-season when prices may be lower. If your circumstances allow, selling to an investor during the winter months could be a viable option.
Patience and Flexibility
With a smaller pool of potential buyers, it may take time to find the right match outside of the best months. However, blending patience and flexibility can pay off. Stay committed to your pricing strategy, continue maintaining your property’s appeal, and trust that the right buyer will come along. Keep in mind that the real estate market is dynamic, and opportunities can arise unexpectedly.
Maximize Your Value With a Fair Cash Offer
Even during the worst months to sell a house, We Buy Houses Memphis is here for you. Our experienced team can help you sell your Memphis home quickly and for fair cash offers.
We buy properties as-is, even those needing repairs, and handle sales efficiently year-round. Our local real estate expertise allows us to maximize value for sellers regardless of seasonal factors.
Ready to sell your home for a fair cash deal? Reach out today and schedule a free no-obligation assessment!