The summer months are typically the busiest time of year for the housing market. In fact, according to the National Association of Realtors, over half of all homes are sold between May and August. There are several reasons for this seasonal surge in activity. For one, the warmer weather makes it easier to view properties, and potential buyers tend to have more free time during the summer months. Put simply, many people prefer to move when the weather is nice. With all of these factors working in your favor, selling your home during the summer can be a smart choice. But that’s not all…
Less Inventory = Less Competition
Trillium Team’s Broker of Record, Anthony vanLieshout supports that this is the best time to list a home, especially in the Haliburton region. He says, “Want to maximize the return on your property? List now. Inventory is low, which means less competition. Less competition equals more exposure and potential for multiple offers!”
Royal LePage CEO, Phil Soper, suggests that “Right across the country, the pandemic boom … is winding down.” While a seller won’t make the pandemic ‘ peak price,’ they also won’t have to pay the peak price for a new home. Soper adds that the biggest change to the market currently is the time it takes to sell a property. Patience is key, it might not sell in a weekend.
At the same time, a seller shouldn’t wait too long, or the market may cool even more. Prices could recede during this kind of trend.
Warmer Weather and Nature in Bloom
One of the best things about summer is the weather. The days are longer and the temperatures are warmer, making it much more pleasant to view properties. Additionally, nature is in full bloom during the summer months, which can make your home look even more inviting to potential buyers. If you have a garden or outdoor space, be sure to take advantage of the summer weather and spruce it up before showings.
If you have children, selling during the summer months can be a great option. This allows your family to move while the kids are out of school, so they can start the new school year in their new home. Additionally, many families with young children prefer to move during the summer so that they can take advantage of childcare options and summer camps.
If you’re thinking of selling your home, the summer months may be the best time to do it. With high demand and less competition from other sellers, you could see a profitable sale. However, it’s important to work with an experienced real estate team to ensure that your home is priced correctly and marketed effectively. The Trillium Team has helped countless clients in purchasing and selling homes in the Haliburton region, and we would be happy to help you too.