According to the story, which cites a study by online home listing site Zillow, homes listed from May 1 to May 15 sell nine days faster than does the average real estate listing. The Zillow study said that these homes also fetch an average of $1,500 more when they do sell.
What’s behind this? Often, there are fewer homes on the market during this time of year. Buyers, then, don’t have as many choices. This leads them to make higher offers as a way to win one of the smaller number of homes on the market.
Now, this doesn’t mean that you should fret if you missed this two-week period. In fact, the CNBC story says that certain markets have different times in which homes sell more quickly. The CNBC story said that interest in homes in Miami tends to spike a bit later in the summer, when warmer temperatures hit the area.
So listing your condominium or single-family in Miami now is a good choice, too. In fact, this might be an ideal time to list your home. If you’ve been following the local housing market, you know that there aren’t enough condos and single-family homes for sale in Miami today to meet demand. This means that if you are selling a home that is properly priced and staged, your odds of selling it are extremely high.
Price and showing condition are always more important than the time of year in which you list your home. This is a real estate truth that won’t be changing anytime soon.
If you are interested in learning how to invest in properties to fix and sell (fix and flip) or fix and rent, please contact me at 954-274-8511 or visit my website www.CashFlowFL.com our our new Cash Flow Properties Academy www.CashFlowPA.com.