Many people believe that the best time to sell a house is during the spring and summer months. That’s because statistically, the highest number of sales throughout the year tend to occur in that span. Many people also don’t realize, though, that the reason behind that is that there are so many houses on the market at that time. People want to balance their transaction with school getting out, and they simply want to be able to move during the warmer weather.
However, that doesn’t necessarily mean that that’s the best time to sell. The best time to sell has more to do with the market’s conditions, so to find the best selling time, we need to consider what’s happening with interest rates and inventory. If both rates and inventory are low, the colder months may actually be a better time to sell than the spring and summer months.
As of January 26, we have 915 properties for sale on the Wasatch Front. That may seem like a lot of properties, but if you also consider what is currently under contract, that number is over 5,000. That displays an incredible amount of demand; our market is just begging for more inventory. In the last 30 days, we saw 1,800 properties close along the Wasatch Front.
So when is the best time to sell? Well if you’re thinking of selling anytime soon, you should consider acting now. Low interest rates and high demand form the perfect storm for home sellers. However, ultimately, the best time to sell is when it’s right for you and your family to do so.
If you’d like an accurate estimate of your home’s value or if you have any questions about buying or selling homes in our market, don’t hesitate to reach out to me. I hope to hear from you soon!