Late spring — specifically, the month of May — is the best time to sell a house. Homes sold in May net a 12.6 percent seller premium (the amount above the home's market value), based on ATTOM's analysis of single-family home and condo sales over the past 10 years.
What are the busiest months for real estate? If you are looking at property sales, OpenAgent data generally indicates that the busiest times of year in Australia for buyers are the autumn months: specifically March and May.
More people start their search for a new home in spring, and we start seeing more properties listed for sale. Over the past five years*, our research shows that March has been the best time of the year to sell a home.
Thursday is the most popular day for agents to debut new listings, and homes listed on that day apparently sell fastest, according to Redfin, a real estate brokerage.
The final concession throughout the majority of the United States is that the winter months are typically the worst months to sell a house due to less than ideal conditions and the buyer mentality that sellers must be desperate if they are trying to sell their home during the busy holiday season.
Buying A House In The Fall
Outside of winter, a fall purchase can be ideal for cash-strapped home buyers. Once summer ends, sellers get more motivated. They usually lower their prices and provide an opportunity to get a deal. As is the case with winter, there's also less inventory during the fall.
Knowing the optimum time to sell your property allows a seller to plan for inspections according to the season. It's more crucial to understand why that time of year is better. Statistics suggest the best months to sell are October, November and December. This is if you're in Sydney, Melbourne, or Hobart.
Supply of existing properties is on the rise
If you've been thinking about investing in rental property, then now could be the time to do it. Tenants currently have their pick of various homes, but it's unlikely that the market will stay stagnant for long.
According to Realtor.com's research, listing your home the week of April 16 through April 22, 2023, is the best timing for a successful sale.
Season 15 starts on Wednesday, March 22, 2023 at 8.30pm on Foxtel's LifeStyle channel or you can watch on demand. How many episodes are there in Selling Houses Australia? There are 10 episodes in season 1-6, 13 episodes in seasons 7-12 and 10 episodes in season 13 and 14. Who is the host of Selling Houses Australia?
October is the worst month to sell
Homebuying activity typically comes to a near-standstill in December, when people tend to travel and are busy with holiday celebrations.
Across Australia, sales in November have been almost 6% higher than those in January, the statistically cheapest month. This suggests the end of the year is the best time to sell your home: October, November and December.
Buyers always need to buy property, so with the lack of property available to purchase over the December/January period, those new properties on the market in February can benefit from a considerable pent-up demand. As with February, there are still many buyers looking to purchase before the colder months come on.
Nationwide prices are expected to rise by approximately 2 per cent by the end of 2023. However, as the RBA potentially cuts interest rates before the end of 2023, demand pressures will contribute to a favourable environment for property prices.
The OECD's stark warning of a “rout” in house prices that ripples across the entire economy has raised the spectre of the crash of 1987.
“We tend to weather recessions better than the rest of the world, and we have strong employment and growth, as well as a rising population and a shortage of homes. So, we see good opportunities for investors in 2023.”
It'll probably come as no surprise, but the best time of year to buy property in Australia is just before or just after winter. As people hibernate during the colder months, fewer properties are listed for sale. There is also a significantly reduced number of buyers.
It might be worth considering selling your investment property when: your circumstances change, your local market is dropping/stagnating, your investment property is costing too much to keep, you find a more lucrative investment, you get a great offer or if the market is hot.
You can sell your home any time after settlement; however, it's often recommended that you wait at least two years before selling. Selling your home early comes with financial risks: You will need to factor in the costs associated with buying and the costs related to selling, including your moving expenses.
The best time to buy for a good deal
Sellers' who need to move quickly are more likely to accept a low offer. For this reason, November and December can be a good time to get a bargain. Sellers who are under no pressure to move often delist their properties with a view to re-launching in the new year.
The average first-time homebuyer in the United States is around 33 years old, so most people would probably agree that this is the best time to buy a house. By the time you are in your early 30's, you likely have some stability in terms of income and life situation.
The effective age is calculated by taking the percentage of the remodeling or modernization in relation to the whole. For example: 50% of the total structure of a house is 40 years old, 20% is 20 years old, and 30% of the structure is 5 years old. 0.50 X 40 = 20.0 years.
When are the slowest months for retail sales? The first few months of the year are typically the slowest retail months. After spending significant sums in the months leading up to the holidays, some shoppers have the blues after receiving their credit card bills in January.
Best Day of the Week to Sell Stocks
If you're interested in short selling, then Friday may be the best day to take a short position (if stocks are priced higher on Friday), and Monday would be the best day to cover your short.
While specific days of the week are best for saving on specific items, the best overall shopping days are Wednesday and Thursday. Bread and beer are typically marked down on Wednesdays, and snacks are often cheapest on Thursdays, according to shopping experts.