When is the best time to buy and sell a home?
We get this question a lot. The general consensus is that the spring is the best time to buy or sell a home and the winter is the worst. Well lets look at the data to see what it says.
As you can see there are definitely more sales during the spring and summer, peaking in June each year. To be precise, approximately 40% more sales in June than in January. There also pretty consistent trends that have a dip in July and November due to vacation plans and the holidays. August and December often times see an increase in closings due to people trying to close before school starts or before the end of the calendar year.
What about the number of homes on the market?
I won't put another graph up…