What's the Best Time to Sell a Home in Central Ohio?
Thinking of selling your home in Central Ohio but not sure if the timing is right? What is the “best time” to sell your home anyway? There are many things that can affect the success of your home sale. Let’s take a look.
The Best Time to Sell a Home in Central Ohio
There is no "best" time to sell per se. Selling a house depends on supply (number of homes listed), demand (the number of buyers looking), and other economic factors (like interest rates). But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price. So, what factors can affect the success of your sale?
Weather & Season
Weather conditions are less of a consideration in more temperate climates, but most of the time, the real estate market picks up as early as February, with the strongest selling season usually lasting through May and June, when the weather is best for buyers to be out and about browsing homes. You may find cold winter months, like January or the beginning of February, to be a bit slower.
Mortgage Interest Rates
With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective home buyers and their agents take vacations during mid-summer (when their kids are also on vacation from school).
Timing & Holidays
Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, often spurred by the end of summer breaks and the return of kids to school and life to more normal routine. This usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.
If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.
So… What’s Really the Best Time to Sell?
Ultimately, the best time to sell comes down to you. If you’re ready to sell, or if you need to sell for relocation or financial reasons, then the time is right. You can’t time the market—trying to wait until the time is “right” could mean that you never even try to list your home, which of course means it will never sell!
Thinking of Selling Your Central Ohio Home?
If you’re thinking of selling a home in Central Ohio, then it’s time to contact DeLena Ciamacco. Still thinking or need to learn more? Browse the resources I offer my sellers to simplify their selling experience.