Ah, spring. When many people’s fancies turn to — real estate? It’s been a long-held notion that this time of year is the most ideal for selling one’s house. But, is that true?
According to a 2015 study, it is. Researchers at Zillow.com found that homes listed in May sold, on average, around 18.5 days faster than other times. Furthermore, homes that sold in the first half of May were also purchased for about 1 percent more than the average listing, which translates to about $1,700.
Weather is thought to play a role in this phenomenon, as more people shop for homes when conditions are pleasant. One more reason to love living in balmy South Louisiana!
Helpful Tip: If you’re considering selling your home, Zillow.com has a handy “Best Time To List” tool to help pinpoint the optimal timeframe to put it on the market, based on nearby comparable homes and seasonal market conditions by zip code.