Wed 26 Apr 2023
When Is The Best Time To Sell A House?
Judging the best time to sell a house can be difficult. Of course, it largely depends on your circumstances. However, if you consider external factors, there are particular times of the year when selling might be better for you. Spring is generally considered to be the ideal time - this comes from data provided by Rightmove. Their statistics show that the market gets a big boost as the weather improves, resulting in more sales in a shorter period of time.
Why Is Spring The Best Time To Sell A House?
So, statistics show that spring is the best time to sell your home, but why is this the case?
There are several possible reasons why the market picks up so much in spring. Firstly, with Easter and several bank holidays, potential buyers have the time to browse online and view houses.
Secondly, this time of year suits individuals with children - if they can purchase their new home in the spring, they will be moved in ahead of the new school year, making enrollment easier and the transition smoother for their children.
Thirdly, everything simply looks better in the spring! Gardens are in bloom and we’re graced with blue skies. When your house looks nicer, buyers will show more interest! Fortunately, with our marketing know-how, we can ensure your property looks fantastic at any time of year.
If you’re ready to get your home on the market, you may benefit from reading our previous blog ‘How to Get the Very Best Price for Your Property’, which you can find here.
The Current Market
When selling a property it is important that you look at the current market, which is something that we are experts at! Let’s explore why this spring in particular is the best time to sell a house:
Sales have recovered to pre-pandemic levels - we are back to a much more ‘normal’ market, with sales agreed just 1% behind March 2019. Plus, for the first time since the mini-budget was announced, monthly sales agreed are higher than they were in September.
First-time buyers face record prices - the average price of a first-time buyer-type home has reached £224,963 for the first time. With rent continuing to increase, many people are looking to buy a home. Current demand is 11% higher than in 2019!
Sensible pricing - The national average asking price has risen by 0.2% this month, considerably lower than the 1.2% we would usually expect at this time of year. This shows that sellers are following advice to price carefully to attract spring buyers!
Take Advantage Of Now Being The Best Time To Sell A House!
Overall, the answer to ‘When is the best time to sell a house?’ is simple… it’s now! If you are thinking of selling, now is the time to take the first steps. The first thing to do is contact us on 01926 881 144 to arrange your free, no-obligation valuation!
Whilst we organise your viewing, why not read this blog about how to get the best price for your property?
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