When buying or selling a home, season matters! Many people think of real estate sales as a cross-seasonal type of transaction and in many respects, this is certainly true. But there are certain times of year that are more favorable than others both from the buyer’s perspective and from the seller’s perspective. So when is the best time to list your home on the open market? And conversely, what’s the best time of year to buy a new home? Well, that’s precisely what Southern Connecticut Coldwell Banker Realtor Judy Szablak will explore in today’s article.
The Seasonal Impact on Selling Real Estate
The season has a major effect on the sales process. From both a buyer’s perspective and a seller’s perspective, spring tends to be the best time of year to sell a home, followed by summer. The autumn falls somewhere in the middle and the winter is, without a doubt, the most challenging time to sell real estate.
Spring is an ideal time for home sales because it’s a time when you tend to see the most buyers, particularly in areas of the country like Connecticut, which sees distinct seasonal changes. By the time spring arrives, everyone is eager to get out and about to shake off all that cabin fever. So what better time to go house hunting, right?
What’s more, society tends to associate spring with new beginnings, growth and change, so from a psychological standpoint, people tend to be more apt to make a major change in spring. For sellers, there’s a good chance you’ve just performed some spring cleaning, so your house is probably looking its best. Your lawn and garden probably looks fabulous too, since you’ve just put down fresh bark mulch, the spring flowers are emerging and your lawn is starting to green up! Spring lends itself to loads of curb appeal.
In cold climates, homes tend to get stuffy during the winter, as you have the same stale air locked up inside the house during the cold winter months. There are few things more delightful than opening the windows and letting the fresh spring air indoors. This can result in a much better first impression amongst potential buyers.
Families with school-age children tend to start looking for a new home during the spring. This allows them to find the perfect home and make their move in early summer, after the children have finished the school year. This timing tends to be ideal, as it allows the family to get settled into their new home and their new community for a few weeks before the kids return to the classroom. Conversely, fall tends to be the least ideal time to house hunt for families, since their children are just starting a new school year. To move in the winter would signify a major upheaval, particularly with the holidays in mind.
The holidays can make the late fall and early winter very inconvenient for sellers in particular, as you will have potential buyers traipsing through your home when you’re already pressed for time. While buyers can schedule showings at times that are convenient for them, sellers generally don’t have this degree of flexibility. This can make an already-stressful holiday season even more chaotic!
If you wait until after the holiday season has passed, then you can avoid some of the chaos, but the pool of potential buyers tends to be a bit smaller. Many are still recovering financially from the holidays and many are not quite ready to jump into a new major endeavor like buying or selling a home. From a seller’s perspective, the winter doesn’t lend itself to lots of curb appeal. Unless you happen to get lucky with showings right after a fresh snow, there’s a good chance your home’s exterior won’t be looking its best. Your landscaping isn’t looking its best, the trees are bare and the grass is dead. Your home’s curb appeal just isn’t what it is during the spring or summer months.
Additionally, the latter portion of the winter isn’t ideal for families, as this could result in a scenario where you finalize the transaction and find that you’re ready to move with a matter of weeks left in the school year. It’s every child’s nightmare to find themselves as “the new kid” with just a matter of weeks left in the school year. The other kids have had months to form relationships and the child is placed in a challenging position where they’re expected to succeed academically after being tossed in midstream. Most parents are aware of these challenges, so they typically opt to wait until the spring to start house hunting.
Early summer can be a wonderful time to sell a home too, particularly for families. Summer home sale volume does decrease slightly from the transaction volume seen in spring since more buyers and sellers are going on vacation and spending time relaxing. But there are still lots of wonderful opportunities for buyers and sellers alike!
With all of this information in mind, spring tends to be a prime time for both buyers and sellers.
Trust Your Home Sale to a Top Southern Connecticut Realtor
If you think you’re ready to buy a new home or sell your existing home, there’s no better time to do it! Southern Connecticut real estate expert and seasoned Realtor Judy Szablak is here to offer guidance, helping you avoid scams while ensuring that you enjoy a prompt, efficient transaction. An agent with Coldwell Banker Residential Brokerage, based in Westport, CT, Judy Szablak has been in the real estate field for decades. She specializes in the purchase and sale of single family homes, new construction, luxury properties, condominiums and even seasonal or rental homes.
Serving clients since 1984 and recently amongst the top 6% of Coldwell Banker real estate agents worldwide, Realtor Judy Szablak has more than 30 years of experience working in the Southern Connecticut real estate industry. She works with clients in a number of Southern Connecticut communities, including Westport, Trumbull, Weston, Fairfield, Norwalk, Stamford, Easton, Wilton and Rowayton amongst others.
Browse Judy’s property listings to see if your new home is amongst her listings! Or, if you’re ready to sell your Southern Connecticut home, turn to the best. With over three decades of experience selling homes in this area, Judy knows exactly what it takes to ensure a smooth and stress-free home sale. Call Realtor Judy Szablak today at 203.257.5892.