Is Spring Really The Selling Season?
Spring is generally the time of year when people will tell you is the best time to sell. Agents spruik it as the “selling season” and auction results and sales numbers tend to trend upwards during this time. It is often seen to be the peak selling period when yearly sales figures are processed and analysed – Although statistics, as we know, can often be misleading.
But is Spring really the best time to sell? There are certainly some advantages to selling your property this time of year – The sun is out, the flowers are in bloom and the grass tend to green up due to warmer temperatures and increased rainfall. Properties tend to present well this time of year and it is easier to keep your yard looking good. Presentation is a big factor in obtaining a premium selling price.
But this alone may not make it the ideal selling time on a year in, year out basis. The property market is like any other market – Prices fluctuate according to the forces of supply and demand – So the best time to sell is always when demand is high and supply is low.
There are certainly advantages to selling in Spring, but there can be pitfalls as well, so for expert advice on when is the best time to sell your property, please feel free to get in contact with me.
The Spring bug strikes almost every year, with people everywhere wanting to be moved into their new property before Christmas. This often causes an avalanche of new housing stock to hit the market in a short time frame – Meaning that if you wish to do the same, you will have increased competition for the attention of prospective buyers.
A sudden oversupply of housing inventory can stall price growth and increase average days on market. Perhaps it might be a better idea to get in before the rush, when stock is scarce and buyers are plentiful – Meaning you have a great opportunity to use this to you advantage and leverage a higher price.
There are certainly advantages to selling in Spring, but there can be pitfalls as well, so for expert advice on when is the best time to sell your property, please feel free to get in contact with us.
Til next time, ciao ☺