** Updated March 19, 2024
How about some fun real estate market trivia to start your home selling journey… what is the best month to sell a house for the highest return? Hint…hint…the best month to sell a house is not what it used to be!
Did you guess right now? Or maybe you guessed during spring in the month of May? Good guess, but it would be incorrect! However, it turns out our real estate market trivia is a bit of a trick question because leading up to the pandemic, the best time to list your home for sale was indeed in early May. If we use last year’s house prices for 2024 market prediction, the current best time to sell a house is early June. The timing of early June is when home price growth last year reached its peak price growth and looks to keep this same pattern for 2024 and maybe even into 2025.
What Is The Best Month To Sell A House In Texas?
The real estate market has changed, remember when calls for a bad housing market crash was the standard accepted notion during the pandemic? A recent Zillow analysis shows property MLS listings in 2023 for homes listed for sale in the first two weeks of June sold for 2.3% more on average or $7,700 more.
How about for Texas home prices? Selling a house in Dallas netted you above the national average of home price sales at 2.5% higher or $9,200. For other areas of Texas like Houston, it was a bit more modest at only 2.0% higher or $6,200. See this infographic table for bigger picture perspective.
Best Time Of Year To Sell A Home
As a home buying company, we constantly analyze home prices and seasonal trends to inform our own investment strategies. Of course, a wide array of other factors play into making accurate market predictions for home price growth like mortgage and interest rates, but without doubt the spring and summer seasonal effect to home selling is real. Without doubt, knowing the best month to sell your house is key to maximizing your return on listing your home to sell.
Is It A Good Time To Sell A House?
Drilling down to specifics, if we have to pick the ideal month to sell a house in Texas, research and market predictions point to the month of June as the most opportune. Seasonally, the best months to sell your house are the late spring into the early summer months, but June and May are optimal. Here is well know Better Homes and Garden spin on this new pushout in the best time to sell a house.
The reasons behind this choice to list your home for sale are twofold:
First, the months of June and May home sales align well with the academic calendar. It’s all about the kids and school! Families often time their relocation to coincide with the end of the school year, aiming to cause minimal disruption to their children’s education. Hence, a house listing in May or June can complete transactions over the summer, allowing families to settle into their new homes before the start of a new school year.
Second, the aesthetics of spring and early summer significantly enhance property appeal. With longer daylight hours, pleasant weather, and flourishing greenery, homes typically present better during this time, thereby making a lasting impression on potential buyers.
In our experience as both a realtor and licensed real estate agent in Texas and Florida with over 40 years of combined real estate investment experience and through over 2500 real estate market transactions. Our analysis is based on decades of company experience as well as wider market data from sources like Houston Association of Realtors. This seasonal trend of peak sales in the spring is supported by independent studies as well as our in-house historical data. So, speak to your real estate agent and when possible, coordinate the listing of your property for sale during the best time of year to sell a home. We put our money where our mouth is as we are cash home buyers for properties throughout Texas on a monthly basis and also work for some of the largest private rental property owners in Texas. This expertise is not just theoretical; it’s built on real-life experiences and tangible outcomes of our real estate partnerships.
Should I Sell My House Now?
While the months of June and May emerge as the clear winner in a general analysis, it’s vital to recognize that other factors can influence this outcome. Economic conditions like fears of a market crash, rising mortgage and volatile interest rates, local market predictions and trends, and the seller’s individual situation can all play a significant role in determining the best time to sell a house.
For example, the rise in remote work as discussed by the US Bureau of Labor Statistics has loosened the strong correlation between the academic calendar and home selling decisions, creating a more evenly distributed housing demand throughout the year. The steady influx of out-of-state buyers into Texas, also contribute to increased housing market demand outside the traditional sell the peak season.
What Is The Worst Month To Sell A Home
On the flip side, factoring in what are the worst months to sell a house is essential for both your financial planning and to increase your chances to capture the maximum house price growth for any given year. The worst month to sell a home in Texas is January with an additional 18 days on market as compared to averages. Even more, it is generally know that the holiday months of November, December, and January are typically the slowest and hardest months to sell a house with an interesting Quora discussion forum adding even more depth.
Cities in Texas as a whole follow the same general pattern for home price growth strength coming in the May and June months, so you will see it play out the same if you are in San Antonio to Fort Worth to Austin TX. Of note, on a national basis, each region of the country will have significantly different listing and home buying patterns. For example, Miami, Florida will have low buyer interest in the summer months because of its tropical nature and high demand during their winter months from snowbirds up north in Utah or even Canada.
Given these variables, working with a real estate agent or realtor experienced with the Texas housing market becomes invaluable. A real estate agent or realtor can offer personalized advice tailored to a home seller’s unique circumstances and keep the seller updated on local housing market trends that could provide additional selling opportunities. Location is also a critical factor as even the micro-neighborhood that a house is located could have meaningful impact on the home price if put up for sale.
Should I Sell My House Now Or Wait Until 2025?
In conclusion, while June is now the best month to sell a house in Texas, the final decision should take into account other influencing factors. Whether you’re looking to sell a suburban house in Plano TX, a downtown condo in Dallas TX, or a sprawling ranch in the Fort Worth, a detailed understanding of the real estate market from sources like Redfin or even your local online forums like Reddit can contribute significantly to your real estate market success. Always consider trusted advice from real estate agents and professionals and associations like NAR that can tailor to your specific circumstances and local market conditions for the most fruitful outcomes.
For even more personalized service either for listing your home or if you need a cash offer to sell a home fast, please reach out to our team for a stress-free and no-obligation conversation where we can offer solutions to any real estate problems you might be facing.