When is the best time of year to sell your home in order to maximize your profit? It’s a lot sooner than most people think.
When is the best time of year to list and sell your home for the most money? That can vary from market to market but today, we’ll focus on Davis.
First, we’ll look at the number of pending sales in Davis over the past few years. In 2013, the low point for pending sales was November; that number peaked in May. In 2014, the low point for pending sales was in December. However, pending sales peaked in March. In 2015, January was the low point for pending sales and April was the high point.
What does this tell us? Winter months are slow in general but they are especially slow in Davis. It’s all a matter of supply and demand, which then increases sale prices.
If we look at the average price per square foot for Davis, the low point for 2014 was in March and prices peaked in July. In 2015, the low point was February and the high point was April. That means prices peaked in just two months! Last year, February was the low point and March was the high point—that’s how quickly things can change in Davis.
Now, a lot of sellers make the mistake of waiting until the market increases to list their homes. While it’s true that March, April, May, June, and July are the best months to sell, you need to meet with your Realtor in January or February to prepare the house for the market.
Ideally, you should list your home in mid-February or mid-March at the latest in order to take advantage of those quick price increases and maximize your profits. Values can change significantly in Davis; I’ve seen homes go up $100,000 in a few months!
In our next video, I’ll go over a few tips to prepare your home for the market. After all, now is the time to start getting ready. In the meantime, if you have any other real estate questions, please don’t hesitate to reach out to me. I would be happy to help you!