When Are You Least Likely To Sell Your Home?


When Are You Least Likely To Sell Your Home?
By Scott Rogers • January 7, 2019
OK - these numbers are a bit abstract, but still interesting, in my opinion. The graph above is NOT showing a distribution of when buyers are buying homes. The likelihood of selling your home in a given month, per the graph above, is calculated by dividing the number of houses listed for sale at the start of each month by the number of houses that then go under contract that month. So -- if 300 houses are listed for sale at the start of the month, and 150 houses go under contract that month, you had a 50% chance of your house selling. This is somewhat inaccurate (we'll call it abstract, instead) because other houses do come on the market during that month. But still - by calculating the likelihood of selling in the same way each month we get a relatively reasonable comparative analysis of the likelihood of selling in any given month of the year. As should come as no surprise, you are most likely to sell your home in March, April, May or June -- or October! The months when you are least likely to sell your home are November, December and January -- and good news -- two of those months are already behind us! Receive Updates by Email Recent Articles: 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 Consider The Cost Of Your Planned Renovations When Planning Your Offer
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 21, 2024 (unless otherwise noted).
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