We are frequently asked, “what is the best time of year to sell (or buy) a home?” The best answer is, “it depends on your individual needs.” Traditionally the spring and summer are the most active residential real estate markets. However, if you have just had an economic change in your life that prevents you from affording your house, it makes no sense to keep it until the more active time of year or if all of the cousins and uncles are planning on coming for the holidays you may want to postpone a discretionary change of homes. So, analyzing the pros and cons is always important in making the decision.
There are always people selling and buying no matter what time of year. Some advantages of selling a home in the fall and winter time frame are that during this time of year there are less homes competing on market and the buyers looking at this time are more seriously motivated buyers. On the other side if you are a buyer you may find that sellers are more motivated to sell and also, you may have less competition from other buyers when you make an offer.