THE FOUR SEASONS: When Is the Best Time of Year to Sell Your Condo?

Whether you’re looking to downsize, upgrade or relocate, the process of selling your home can seem daunting. There are plenty of factors to take into consideration before you list your condo, one of them being when to do it. While people list their homes in all seasons, there are some seasonal factors that you should take into consideration. We’ll dive into each season and highlight some of the pros and cons of listing during that time!

Spring

Spring is generally the busiest time for the real estate market. People are emerging from the cold, dreary winter and are ready for a change! Why is spring such a popular condo buying season?

  • The increase in temperature and sunlight helps to brighten and liven up any condo.
  • The majority of people are hanging around home. Kids are in school, and most people take their vacations during the summer or winter months.
  • Condos purchased in spring are usually moved into in the summer, which lets buyers take time off to settle in and keeps kids from having to possibly change schools mid year.

 

Keep in mind that because the market sees such a rise in listings during spring, competition among sellers is also at it’s highest.

Summer

Early summer stays quite busy in the real estate world. More motivated buyers means it’s a great time to throw your condo into the ring. However, do keep in mind that more people take vacations in the summer, or may be too distracted by the good weather to spend time indoors looking at condos.

Fall

Listing your condo in fall can prove to be very beneficial because people are back from summer vacations, and are ready to purchase. Most of the spring and summer inventory will be burned off, meaning your condo will stand out even more! Buyers looking to purchase a home before Christmas will be even more motivated to buy.

Winter

Winter is definitely a slower time with regards to the number of listings popping up – but that doesn’t mean you should shy away from listing your home! The pros of listing in winter is that competition is low. Keep in mind that there are always going to be buyers out there, no matter the season. The cons of listing in winter include:

  • Cold weather
  • The holiday season (people aren’t looking to spend more money)

Sell When You Are Ready

At the end of the day, there are always going to buyers and sellers, so list your home when it makes the most sense for you and your family!

Don’t Forget Home Insurance!

Once you purchase your new home, contact the team at Capital Insurance. We’ll help you get the best value on your home insurance.