Selling your home at the right time will help you earn more money on the sale and sell the house faster. But knowing the best time requires research on the local market conditions. If you’re looking to get top dollar for your Southern California home, understand when the demand is higher to close deals. The following guide will help you know the real estate market and buyers’ behavior throughout the year.
Understanding the Market Trends
The Southern California real estate market trend shows that the annual average days that a house is listed on the market is up to 42 days. However, the monthly average in May is only 34 days. There is a huge demand among buyers when summer begins because families are looking for homes before the start of the school year.
April, June, and July are the next favorable months with a monthly average of 35 to 38 days. The buyers are relatively active during spring and summer. If you have a well-furnished home and want to maximize your profit, list your home during these months.
Best Day to List a House
Research shows that listing your home on Thursdays will have higher chances of selling quickly for more money. Homes listed for sale on Saturday or Sunday are likely to take seven days longer than homes listed on Thursdays.
Why Is Winter Not the Best Time to List Your Home in Southern California?
In most cities across the USA, the real estate market is the least active during the winter. There are a few reasons for this decline. Having shorter days is a part of the slump. It’s already dark when many people are off work, and it’s harder to showcase the important features during house showings. Also, many holidays during the winter keep people busy with get-togethers, traveling, and other events. Looking for a house on top of the chaos is too much for many families.
Other Factors That Influence Home Sale in Southern California
Although the seasons play a decisive role in the home sale, other factors determine the trends. Many potential home buyers show a higher interest in purchasing properties whenever the mortgage rates fall.
A house in a prime location will inevitably get sold for more money. Similarly, a property with all the good features and appeal will create demand. It will sell anytime for the best prices.
The seasons and mortgage rates don’t matter if you are going through a challenging situation and need to sell a house fast in Southern California. At Cash 4 Homes, we buy houses in Southern California for a fair price within seven days. Contact us to get your fair, no-obligation cash offer within 24 hours.