Is there a best time to buy and sell a home?
Generally the real estate market picks up in the early spring. Homes sell all year round. The market works like any other based on supply and demand.
During the summer, the market usually slows a little bit as we get closer to the start of school. Sometimes, it is said the strong spring market often places upward pressure on interest rates.
After the summer slowdown, sales activity tends to pick up for a second fall round, although less vigorous, season which usually lasts to Thanksgiving. Between the Thanksgiving holiday and New Years is the slowest time of year. Keep in mind the biggest driving force behind home demand is jobs and interest rates. People are moved in their jobs all year round and interest rates are not seasonal.
Sellers often wonder whether or not they should take their homes off the market for the holidays. Generally speaking, you’ll have the best results if your house is available to show to prospective buyers continuously until it sells. There are still buyers in the marketplace, but now those buyers have fewer homes to choose from. Those homes on the market at that time have considerably less competition.
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