May Is the Best Month to Sell a Home.
Late 2021 through 2022 were exceptional years for the housing market. Demand was so high that seasonality didn’t play as large a role as it normally does.
We’re still experiencing some of those conditions, but other factors have returned some normalcy to the market. That means the seasons are making a difference again, and if you sell a home, you should consider them.
It’s common knowledge that late spring/early summer is the busiest time of year in the US and Canadian real estate markets. It’s also one of the best times to sell. With the rainy season approaching, your landscaping will start looking good, so your curb appeal will be on point. Traditionally, more buyers tend to enter the market at this time due to wanting to get through the holiday season (too busy) and paying off the Christmas credit bills (unpleasant). By late spring means it is usually near the end of the school year, too, which means many households will be looking to buy now in hopes of getting settled into a new home well before the next school year begins.
With more buyers in the market, in theory, makes it easier for your property to find its perfect match. Buyer competition also means you have a better chance of getting a full-price offer and multiple offers on your home.
If late spring is the best time to list your home and property, then which month exactly is the best choice?
May is the best month to sell a home.
US and Canadian statistics show that May is the best month to list and sell your home. You’ll sell faster due to more buyers in the market, and you’ll have a better chance to make more money.
How much more?
In the US, homes sold in May achieve an average 12.6% seller premium — meaning they sell for 12.6% higher that during this period. To put that in perspective, if a home is estimated at $400,000, by selling it in May the owner may end up with an extra $50,400 in their pocket.
What would you do with an extra $50,400? Let’s find out.