Best Time To Sell A House In 2022
The best time to sell a house in 2022 will likely be early May to late June. Buyers are already analyzing the housing market forecast for 2022, anticipating slightly lower prices and a little bit more inventory.
While the US’ 2022 housing supply likely won’t change much from 2021, experts do anticipate decreased costs. As unemployment rates continue to drop and builders continue with plans from 2020 onward, buyers will want to see what’s available. If you’re a seller, start planning your sales process around April so you can be listed in May.
Is Spring The Best Time To Sell A House?
Yes–spring is generally the best time of year to sell a house. Between April and June is when many homeowners develop interest in living elsewhere, whether for personal or professional reasons.
Real estate markets vary based on regional job growth, cultural changes, local laws, buyer demand, and the real estate marketing ideas being used by agents. Let’s look at several popular US markets and the best times to get your listings up.
Best Time To Sell A House In Southern California
The first half of May is the best time to list a home for sale in southern California. This region includes Bakersfield, Los Angeles, San Diego, Irvine, Santa Barbara, and Long Beach, among other cities.
California is one of the busiest economic hubs in the United States, representing 14.8% of the entire country’s GDP. Real estate in California is no different, with about 50,000 homes sold per month on average.
By listing a property for sale early in May, you and your client will beat the rush of buyers that inevitably show up in late May and early June. There were about 439,200 home sales in California during 2020, so the earlier you list in May the better.
Best Time of Year To Sell A House In Ontario
Between March and May is considered the best time of year to sell a house in Ontario. Similarly to the United States, many Canadians are looking to move out in the springtime. Sometimes people are changing jobs; other times, they have been saving and are ready to start a new chapter of life.
The average home price in Ontario, Canada, is CA $593,890, which is 28.34% lower than the average Canadian home price of CA $790,000. Ontario is also Canada’s largest province by population and GDP, with over 14 million residents and CA $763.276 billion, respectively.
Best Time To Sell A House In Phoenix
Late spring–between May and June–is the best time to sell a home in Phoenix, AZ. This is similar to home sale trends elsewhere in the US. Phoenix is also a little cooler during May to June, as opposed to July when the city averages a high of 106 degrees Fahrenheit.
Phoenix, AZ, continues to see excellent year-over-year (YoY) real estate expansion as its economy and home sale prices grow. The average home in Phoenix sells for $403,500 lately without signs of slowing. It’s one of the top 10 real estate markets in the US and is a great region for new agents to launch their careers.
Best Time To Sell A House In New England
The best time to sell a house in New England is late May to early June. Different areas of New England experience slightly different peak times, but most of the best sale prices are seen during this period.
Homes for sale in Massachusetts are on the market for an average of 14 days when sold in June. This is about twice as fast as the national average for homes listed in June.
Best Time To Sell A House In Ohio
In Ohio state, the best time to sell a house is June. Early summer is when most people are interested in moving and it’s also when sellers achieve higher sale prices. The greater the demand, the higher your asking price can be.
The best time to sell a house in Columbus, OH, is July. During this month, sellers close deals for an average of 7.52% higher than average list price. The next best months are June and May, when seasonal demand hasn’t yet peaked.
What Is The Best Time To Sell A House Overall?
The best time to sell a house in general is from late May to late July. Listing a property during this period captures the maximum number of buyers and the highest sale price.
Late spring to mid summer sees the hottest average temperatures across most regions in North America. This is when people have the easiest time moving, as heavy rain and snow aren’t present.