In real estate, we often talk about the seasons of the business. What are the seasons? Well, glad you asked! The seasons are the same as the ones we have known forever. Summer, fall, winter, and spring, and each represents a unique time in the real estate market. For both buyers and sellers, please read and take heed... consider these seasons when developing the strategies you and your agent use to either buy or sell a home.
The wonderful spring, March to June - often referred to as the best time to both buy and sell, this is an appreciating market with more buyers and more sellers than any other time of the year. Could be because the weather is getting nice for a change after a long cold winter, or could just be something in the air. Either way, a great time to do both!
The hot and lazy summer, July and August - can be nice in certain parts of the country, or can be brutal and the type of weather you never go out in... all depends on where you are living. Usually, what is left over from the spring is still sitting on the market just waiting for the right buyer to come along. This is more of a stabilized market that is neither increasing or decreasing. Buyers are out there, but that weather is hot! And vacations sometimes hinder the process as well.
The beautiful fall, September to the first half of November - if you are like me and live in New England, there is not a better time of year. The air is crisp and cool, which is great after a hot humid summer, and the leaves are simply gorgeous with colors you only dream about... yes, it is that good. And, from a real estate prospective, we sometimes see a little bit of a bump in the market because of it. People are out and about again, and looking to buy and sell. Although not as flooded as the springtime market (which can actually be a good thing) the properties are out there, and the buyers are too.
Tis the holiday season... and the season of the cold temps, second half November to February - often referred to as a depreciating market, there is typically less buyers and sellers out there. The market is down, and holidays are on everyone's mind, and it is just cold cold cold until spring. I find this to be a tougher time to sell, especially when there are snow mounds 6 feet high blocking your front door, but a pretty good time to buy since there is less competition out there for the same properties. And I do at times advise my clients to put their homes on the market since again, there is less competition out there. You and your agent will need to decide what is best for you and your home.
Well, there you have it. Best of luck with whatever business venture you are involved in, and happy hunting!
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