When Should I Sell My House?
I’m asked all the time by potential home sellers what the best time of year is to sell a house. What people generally mean by that is that they want to get the highest price they can while selling their home as quickly as possible. Although I can certainly (and honestly) make the argument that any time of year is a good time to sell for various reasons, I just saw that Zillow came out with some great data to support what has always been conventional wisdom…that is, that the late Spring – which is basically here now! – is the best time to sell.
In a new housing report, Zillow states that: Backed by eight years of data, Zillow economists have identified early May, nationally, as the “magic window”to get 15 percent more agent contacts [i.e., showings and inquiries], and yield a sale 18.5 days faster and for nearly 1 percent more than national averages.
This window is varies in different areas across the country, but all fall within the April to June timeframe. The map below shows that for the Dallas-Fort Worth area, the first half of May is optimal for selling in our market. Zillow states that homes listed in their market’s magic window sell faster and for more than the average median home.
So the time to list in our area is NOW. Listing now gives us time to set a good market price, and get the house decluttered, staged, and photographed before it’s put up for sale at the best time of the year, which is just a couple weeks away. Want to know more? I’m always here to answer any questions or just to chat about the market in general, so get in touch!