You may be ready to sell your home in Phoenix and list it on the market once you’ve made the decision to relocate and find another house. Although it can be exciting to list your house on the market, it can be easy to make mistakes, especially when it comes to the time of year you decide to sell it. If you want to increase your chances of finding a buyer, it’s important to know when the best time is to sell a house in the city, which is one of the main factors that determine how quickly you receive an offer.
List the Home in the Winter
According to listwithclever.com, June is known as the best time to sell a house in Phoenix because it’s when more buyers are out looking for a new property to purchase. Although winter is typically the slowest time in real estate in other parts of the country, Phoenix is the exception because of the warm weather that is present year-round. The median sell price of homes during the month of December is $287,000, which is an average of $11,000 more than the national average.
You Can Also Consider the Fall Season
October is also a month where you can expect to sell your home quickly, which is when properties are on the market for an average of 41 days. Houses sell five days faster than the national average during the fall season for sellers in Phoenix.
Understand the Seasons
Knowing the different seasons in Phoenix can allow you to get an idea of how the market looks at different times of the year. Spring is often when the demand for houses on the market peaks. This is also the time when inventory also peaks, meaning you’ll have more competition with other sellers who also want to find a buyer quickly. Those who want to sell their home in summer should expect the competition to still be high. Fortunately, many families are insistent on finding a property before the new school year starts when their kids must enroll in a new school district. This means you can still expect to find a buyer easier because they’re on a deadline.
During the fall season, the activity in the real estate industry begins to taper, and there’s less competition among sellers in the area. Fewer homes are available on the market, which increases demand and can cause buyers to participate in bidding wars. Winter is considered to be slow, but it’s also when buyers are often more serious and are ready to immediately make an offer once they find a home they like. If you decide to list your home in the winter, you can trust that the buyer will likely follow through with their transaction and is less likely to withdraw their offer compared to other times of the year.
Determine How Desperate You are to Sell Your Home
You may be in a situation where you have to list your home in Phoenix as quickly as possible due to a job offer you’ve received or if you must relocate to care for a sick family member. If that’s the case, you may not have a lot of flexibility with waiting to list your property.
At other times, you may have the freedom to wait a few more months to list your home if you’re not in a desperate situation. You may desire a larger house or want to be closer to work, which means you have some time and can wait longer to list it. Waiting a few extra months to list your property can allow you to earn a higher profit instead of risking the home sitting on the market for too long. You can evaluate your situation to determine how much time you have before you need to find a buyer.
Knowing the right time to sell a house in Phoenix is crucial to ensure you can time everything correctly and have more luck with finding a buyer. Educating yourself and working with a real estate professional can allow you to become more prepared and have less competition with other sellers in the local area.