What are the hardest months to sell
Spring times and Summer times are often the best times to sell your home, however the other months can be more difficult. So in reality the time of the year often plays a role in how quickly you can sell home.
January - The Post-Holiday Slump
Because people had just wrapped up the year, spent a lot of their hard earned cash on gifts for others, and the weather conditions of winter can be annoying, not to mention moving during the school year is less than ideal, so opting to sell a home in January isn’t ideal.
November and December - Holdiday Distractions
During the months of Novembers and December most people are concerned with the holidays that come around during those times, making sure everything is ready to appropriately celebrate the holidays, so because of this families will not put buying a new home at the top of their priority list.
August - End of Summer Slowdown
The end of Summer time is not the best time for house hunting, mainly because people are finishing their summer vacation and preparing for the school year. Also there is chance that people have already purchased a home at Spring time or at the beginning of Summer.
September and October - Market Cooldown
September and October can be good or bad months to buy or sell a home, there might fewer buyers on the market and houses that remained on the market since could be harder to sell.
Factors That Make These Months Difficult
- Weather Conditions: Certain weather conditions can make it difficult to sell homes.
- Financial Constraints: Families may have just sunk a lot of money on gifts for their families and friends during the winter break or put a lot of money into summer vacations, meaning that they might not have enough money leftover to make a down payment on a home.
- Lower Inventory and Competition: Like in retail, things didn’t sell will often be marked down in order for that item to be sold, some people expect the same principle to apply to houses that didn’t sell, making it harder to sell at premium price.
Conclusion
If you price the property right and make sure exterior look is good than hard to sell months might not play much of a factor. Strategic marketing as well as being flexible with moving in and showing dates make slower selling months less of a problem.
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