Is it wise to put my house on the market in Sept? Oct?


Is it wise to put my house on the market in Sept? Oct?
By Scott Rogers • September 6, 2011
Everyone knows, the summer is the busiest sales season -- but how does the rest of the year compare? And is it reasonable to list a home for sale now (in the Fall) or should homeowners wait for Spring? The graph above shows the percentage of homes that go under contract each month through the year. Thus, if 1000 homes were available for sale in January, we could expect that 6.9% of them (69) might go under contract that month. The red line running through the graph shows the average -- on average, 7.7% of available homes go under contract each month in this area. Thus, the "better than average" months to have your home on the market are March through July. But....does that mean that homeowners who didn't sell in those months should give up until the following March? I say no..... First, on average, 423 homes will go under contract in those better-than-average months of March through July. But an additional 405 homes will go under contract in the remaining worse-than-average months of the year of August through February. Second, other than November (6.2%) and December (5.5%) all of the other months show roughly 7% of homes going under contract --- a mere 0.7% lower than the average of 7.7%. So, homeowners, you need not be depressed from now until next March when the buyers come back out of hibernation. There will continue to be buyers in the market even if we are currently in the not-quite-so-active months of the market. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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