Understanding the Best Time to Sell a Home
This question does not have a simple answer. Every real estate market is different and it varies across the country. Therefore, the best time to sell a home will be different from real estate community to real estate community. For instance, in the Arizona real estate market, an excellent time to sell a home would be in the fall through spring. This time frame in Arizona is October through April. Especially in Scottsdale, Mesa and Sun City Arizona because we have lots of visitors from back east who come and visit during those months and may decide to look for a winter home. So fall, winter and spring would be the best time to sell a home in those areas.
For families with younger children looking to purchase a home, the best time might be in the spring because their children will be out of school soon and they can move their families without too much disruption to the school year.
There are a lot of different factors that go into finding the best time to sell your home.
- Time of year.
- Homes sales in your community.
- The location of your home depending on the type of buyer whether its a winter visitor, young family, or young couples.
- Inventory is low for a specific price point or inventory is high for a different price point.
- Interest rates are low or interest rates are high.
But regardless of any of those factors, there are always serious home buyer’s out there looking for a home. No matter what time of year or what the housing market is doing in your community.
The chart below shows the Total dollar volume of North Scottsdale Luxury home market as of May 2019.
The most straightforward answer to “when is the best time to sell or buy a home?” is to find an experienced real estate agent in Scottsdale to work with, because they know what the market is doing in your area to determine when the right time to sell is. It is best to consult with them before deciding to sell your home, that way you are sure to sell your home at the right time and get the best price.