When deciding what time is best to sell a home, most people focus on the 4 cardinal seasons of spring, summer, fall, and winter. What you may not realize is that in the Real Estate Market there is a subset of selling periods known as “mini seasons” and where they fall on the calendar affects home sales in a big way.
July is the ideal month for planning vacations for home buyers and Realtors alike. So there is no wonder why home sales tend to dip during this month due to all of that travel. Plus, with temperatures rising over 90 degrees, getting in and out of a hot car isn’t very pleasant.
Whether you have a child in year-round or traditional, the first couple of weeks in August mean back to school. Registration, buying school supplies, and planning afternoon activities takes precedence for the busy parent over plans for new home ownership.
Labor Day Weekend is well-known as a prime traveling time and in the Real Estate Market, this can stretch upwards of 5 to 6 days. During this time, both home buyers and Realtors are visiting family and enjoying time with each other, causing a lag in home sales.
The cooler temperatures of September and November along with the Wake County Parade of Homes are a boom to the home shopping experience. Home sales go way up now that traveling is finished and many customers are in the market for a new home for the holidays. This is a perfect time to make a new beginning or to put your home on the market.
December is hands down the best month for closing on a home. In addition to having a new place to share the holidays with family, interest rates are lowest in the winter and will help save you money over the course of your mortgage. Also, if you close your home before the end of the calendar year, you can write off the purchase on your taxes and potentially receive a nice refund.
Linda Craft & Team, REALTORS®
Linda Craft & Team, REALTORS® has helped our clients navigate the seasons and changing Real Estate Market for over 30 years. Let us show you what working with the #1 team in the Triangle can do for you.
Schedule an appointment with us today at 919-235-0007 or visit our website for a complete list of our services and more!