Traditionally, spring has been the best time to sell a house, but that has changed, especially this year. MLS data shows that in several areas the number of sold listings have increased from June to September over the past few years. Beyond that, there are several sound, common-sense reasons to list your house during the summer. Let’s look at 6 reasons why THIS summer is the best time to sell your Northwest Arkansas house.
1. High Demand, Tight Supply, and Less Competition
When summer rolls around, many people are ready to purchase a home. Along with this increased seasonal demand, though, there usually isn’t a corresponding increase in inventory. So summer typically presents a situation in which there is high demand, but not enough inventory to meet that demand. And this means that summer is the best time to sell because when you list your house, you will likely get plenty of interest and multiple offers.
This season in particular has been even shorter on supply due to COVID-19. We’ve seen inventory levels fall below our seasonal norm. And we’ve seen seen a flood of new buyers rushing into the market, toward the safety and stability a home can bring their lives. Demand is actually up around 25% at this time.
This lower inventory in the midst of strong demand also means that you will have less competition when you list. Your chances of selling quicker and at a better price are greatly increased during these months. This Summer has become an extreme seller’s market.
2. Online Searches Increase
Another reason why this summer is the best time to sell your Northwest Arkansas house is that online searches have increased significantly. And that is important in this day and age when the vast majority of buyers begin their house searches online. During the summer months, people are staying inside out of the heat. Plus we’re experiencing another spike in Covid right now, so people are staying in even more than usual. But they haven’t stopped house hunting – they are just doing more of it online.
This is also one reason why you MUST have an agent who understands online marketing. Hint: Did you find this article from a Social Media post?
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3. Buyers Are in a Hurry to Close
Most people who are house hunting this summer want to close before fall when school starts. As a seller, you always have more leverage when a buyer is in a hurry to close. It’s a huge advantage then when buyers want all the paperwork signed before fall rolls around.
4. Buyers Have More Down Time
Buyers may be in a rush to close before fall, but they also have more downtime for house hunting during the summer. School is out, the holidays are far away, business has slowed down, and many people are staying home right now. All of this means more time for people to research the market and find your home when you list it.
5. Summer Means Better Listing Photos
Quality listing photos are more important than ever, especially since the bulk of buyers do most of their searching online. And summertime provides the best opportunity for good listing photos. Skies are clear and sunny, the lighting is good, lawns are green, the pool looks inviting, and flowers are blooming. Summer is the best time for the best outdoor photos, which ultimately means more effective marketing.
6. Greater Curb Appeal
Similarly, summer is the best time to sell your Northwest Arkansas house because curb appeal will be at its best. Your lawn and the outside of your home will look their best and be more appealing during the summer when trees are leafed out, lawns are green, and the weather permits touching up paint. Lighting will also be its best for more hours both outside and inside.
These are indeed good reasons why summer is the best time to sell your market_city] house, but they certainly aren’t all the reasons. And the converse is that while summer may be the best time to sell, this season in particular also presents its own set of problems and challenges. Right now, we’re dealing with health and safety precautions, and trying to sell homes while also keeping everyone safe.
And that’s why you need a qualified, hard working agent to help you sell during this summer. You can overcome all these challenges and get your house sold for an amazing price.