The best time to sell a home

The Best Time to Sell a home

On average, homes sell fastest and at the highest prices in Spring across the country.

Timing is not a matter of when to sell a house, but it can make a huge difference in how fast and at what price your home sells.

Here are things to consider when deciding to sell a home at the best time with the best price.

The best time of year to sell a house

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The traditional homebuying season begins in late spring and runs through the summer in most parts of the country. As temperatures rise, listings and sales heat up. That means in most areas you'll face more competition with other home sellers in the summer, but more prospective buyers will be out there shopping. For example, Minto is One of the busiest real estate markets of Southwest Sydney. Property owners are getting their best prices in this spring season.

There are exceptions, though, so it's important to understand your local market. For example, By analyzing Realestate.com.au  six suburbs bucked the trend of when home prices peaked. Home sale prices were highest in:

Real estate market of Minto

Real estate market of Campbelltown

Real estate market of Claymore

Real Estate market of Ingleburn

Real estate market of Spring Farm

Real estate market of Eagle vale

Prices saw the steepest rise from the cheapest to the most expensive months in the most populous of the suburbs analyzed. Sale prices 16.8% over the last 12 months, on average, nationwide, according to the guardian,19% since the start of 2020 as record-low interest rates drive both first home buyers and investors into the market.

Is it a great time to sell?

Yes, it's a great time to sell a house. Here are two big reasons why:

It's a seller's market

Homes sell faster and at higher prices when there are more buyers than homes for sale — known as a seller's market. This is the case across the country right now.

The median existing home price was $2690000 in September, and it is increasing dramatically.

The downside, though, is you'll be on the other side of the deal if you want to purchase a home to replace the one you're selling. Finding an affordable home to buy is challenging now, due to rising prices and low inventory.

Is this the right time for you to sell a house?

The market and the time of year aren't the only things to consider when timing the sale of a house. You'll also want to factor in your finances and living situation as well as the condition and value of your current home. 

Let's decide together. Just let us know your property details here and take a free market appraisal. 

Find how much your property has grown in the current real estate market?

Note: This is not a financial advice