Have you ever heard, whether it was from another agent? or an ad a that the spring time is best time to sell? And actually beleived it?
Welp...you wouldnt have hear it from me.
I am not saying that its completely false, but the narrative have sellers beleive that this is when your property sells for the most money.
So, why don't we take a look what has happened during the spring in the last couple of years.
Well, we don't have to beat a dead horse to talk about this spring and real estate prices, but here are the numbers of spring vs. the season prior.
Apartments:February Bencharmark:
$2,026,500
759,600
June:
$1,994,500
$748,000
And here are some numbers of what happened last year:
February: $1,972,400
770,000
June: $773,000
2022:
February: 807,000
June: $766,000
So, really, is the Spring really the best time to sell?
Let me correct the phrase, and I do stand by it: "Spring is th best time....to do Real Estate."
Regardless of selling or buying, and regardless if the market went up or down, theres a reason why the spring is the most popular time to do real estate:
tax season plays a big part of mortgage qualifications, higher inventory to choose from, the timing of things that avoid holidays and back to school , there are many reasons outside of price that makes the spring the most popular time to do real estate.
However, if you're fixated on price and timing the spring market, you can very well be disappointed with your real estate plans.
We've seen many years in a row where we've seen a steady climb in the market where it seemed like Spring was always the height of the market. Theres a lot of factors that contribute to the incline or even decline of the market. But prices aren't going to suddenly increase because its a certain month.
So, when its your time to make your move, dont time the market based on just price. There are oppurtunities that can be missed because of a misleading blanket statement. You have a unique situation, so make sure you time your real estate move based on you, not a popular notion.
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