When is the Best Time to Sell a Home in Florida?
Late spring or early summer is the best time to sell a home in Florida. This is when school is out and people are wanting to buy. Florida, however, is different than other places. It also has great weather in the fall and winter that can help form a good selling market.
Florida’s real estate market, just like everything else about it, is different from others around the United States. Property owners here can list their homes at any time of the year. There are some issues, however, if you are looking to sell that you need to keep in mind.
May Days
Homes, historically, sell the fastest during the month of May. Zillow, an online real estate listing company, found that houses listed between May 1st and 15th sold nine days faster than the average listing. They also sold for $1,500 more on average than homes listed during other times.
People have just received their tax refund is part of the reason for this. Another factor is that it’s just easier for people to move in the spring and early summer. This is especially true if they have school-age children at home.
Buyer Type
Are you looking to sell a single-family home? If so, the most likely buyer will be a family with children. It’s important to keep their needs in mind when listing. They won’t start shopping for a home until the spring. They also aren’t likely to move in until after school is over in late May or early June.
If you are selling a condo or townhouse, however, the winter months are best to appeal to potential buyers. Especially if they are close to the coast. It’s a good idea to list in the last few months of the year since that is when people from the north are more motivated to buy.
Motivation
When people are looking for homes at the end of the year, it might be because they need to buy and move to your area, possibly because of a job transfer. There is someone, every year, that is looking to get into their new home by Christmas. Spring and summer months may be your best bet, but the fall can also be a good market to sell a home in Florida.
Against the Grain
You can also limit the competition by listing your house in the late fall or early winter. In Florida, and everywhere else, the spring will be flooded with homes for sale. In December, your home might be the only listing in your whole neighborhood. It’s not a bad idea to try the winter months if you are looking to sell. See what offers you get. This is, once again, especially true in Florida. Winter is one of the most pleasant times of the year there, especially compared to most places in the country.
Keep these issues in mind when looking to sell a home in Florida. You’re already in a great spot since you bought in Florida.
It’s a good idea to consult a professional, so give us a call. We would be happy to give you more detailed information about when the best time to list is in your particular neighborhood.