Many factors affect real estate prices in Florida, one of which is the time of year. There’s stronger demand for homes during certain months than others. As a seller, you’ll get top dollar for your home by listing it when demand is the highest. So, when exactly is the best time to sell your home in Florida?
Research conducted by the Fort Lauderdale Metro Listing Service (MLS) indicates that June was the best time of year in 2015 to sell a home in Florida. Researchers found that sellers who sold their home in June got closest to their listing price when compared to other months of the year. In contrast, sellers who sold their home in January got the lowest price.
June wasn’t the only strong month for Florida real estate sales, however. The Fort Lauderdale MLS also found August and September to yield high listing prices for sellers.
The real estate database website Zillow conducted its own study to determine the best time of year to sell a home. In the study, researchers found that sellers who listed their home between May 1 and May 15 sold the property in 18.5 fewer days than the sellers who listed during other times of the year.
Furthermore, homes sold between May 1 and May 15 sold for roughly 1 percent more than other listings. While 1 percent may sound insignificant, that translates into $1,700 on average.
These findings suggest spring, summer, and fall are the best times of year to sell a home. Specifically, June and May yield the highest selling prices.
Don’t worry too much about the time of year when selling your home. While it can affect demand, selling price and time on market, the differences are minimal at best. What matters most when selling a home is the real estate agent with whom you work. A reputable agent will help you get top dollar for your home, regardless of time of year.
If you’re ready to sell your home, contact Beaches Title for all of your title, escrow and document preparation needs.