The real estate market tends to have its own cycles throughout a year. While it may be more obvious in other parts of the country where the weather can have an impact on everyone’s ability to do things, generally speaking it’s harder to sell your house in the winter time than in the spring and summer.
Here in Long Beach and other parts of Southern California we are not really impacted by weather. We are lucky to be able to enjoy beautiful sunny days any time of the year. Even so, the real estate market is still subject to similar cycles.
If you are interested in what is currently going on in the market, you can find updates on existing homes sales on the National Association of Realtors website and a variety of other places.
The Holidays
The holiday season around November-December when many people celebrate Thanksgiving, Christmas, Hanukkah or other holidays along with the New Year is one of the slowest times in real estate.
Rightfully so, people are focused on spending time with family and friends, and likely spending money on gifts and celebrations and may tapping into some of their savings that would otherwise be allocated towards a down payment on a house.
While there is always a market for real estate, this is not an ideal time to try and sell your house if you can help it. You may get a lower price due to less buyers being out looking than at other times of the year.
Fall/Winter
While a good chunk of this falls into the holidays, generally speaking the whole seasons of fall and winter are a bit slower. In addition to the holiday and weather effects, some of this also has to do with the traditional school year.
Families who are contemplating a new house purchase or moving to another area often do not want to do it in the middle of a school year that would make things more difficult for their children. And they want to be able to be in a new house and get their children registered in new schools, etc. before a school year starts.
While this is not always possible to achieve, this is what many families strive to do.
Spring/Summer
As you may have guessed, the Spring/Summer seasons are the best time of year to sell your house. They could also be called the “Real Estate Seasons” as it can make a significant difference in the speed that you can sell your home and the price that you will get just based on the overall supply and demand factors of this time of year.
The weather is warm, people are in a better mood, and starting in the spring when many people get a financial boost from receiving money back after filing their income taxes, they are ready to start house shopping!
So if you are completely flexible on timing, you should always try and sell your house during the Spring or Summer months.
When You Need to Sell
Unfortunately for many people, you cannot always choose the perfect time to sell, and you simply need to sell a house for a variety of other reasons that may be completely unexpected.
If you need to sell your house fast in Long Beach, whether it’s the height of summer or the dead of winter, Bright Idea House Buyers can help. We buy houses at all times of year (even the holidays) and in any condition.
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