Is there a best time to sell my house?

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage |

Property sells year-round. It is mostly a function of supply and demand, as well as other economic factors. The time of year you choose to sell can make a difference in the amount of time it takes and the final selling price. Generally, the real estate market picks up in the early Spring. During the summer, the market usually slows. The end of July and August is often the slowest month for real estate sales. The strong spring market often places upward pressure on interest rates, many prospective home buyers and REALTORS® take vacations during Mid-summer. After the summer slowdown, sales activity tends to pick up for a second, although less vigorous, season which usually lasts into November. The market then slows again as buyers, sellers, and REALTORS® turn their attention to the holidays. Then mid-January things start to pick up again to be able to move in the spring market.