“When is the best time to purchase a home” and “When is the best time to sell a home” are questions we get all the time here at Soldsense. Homes are in short supply in this area with stable prices and few foreclosures and short-sales.
It still takes a lot of time to find suitable homes for clients due to the limited supply in this area – based on the recent year trends my clients may have to wait a few months more.
So, if you have a choice – when is the best time to sell your home? And what would be the best time to purchase a home?
In general you should buy and sell when you are ready. That being said, many will try to use the market trends to their benefit. So, here are some thoughts using the statistics.
As a seller, to avoid the March-April rush you could try listing in January or February. That way you may take advantage of any pent-up demand from the winter months. Alternatively you could try listing in May. Your new listing will look attractive with few days on the market as compared to homes having been listed in March and April. You may also take advantage of the high number of closing sales in the June-August time frame.
If you have a choice – when should you purchase a home? You could try to get an early start on the large inventory being listed in March and April instead of waiting with the rest and purchase in May-July.