Why Spring is the Best Season to Sell
Spring is finally here, and with new season comes a time of renewal and change. When it comes to Canada’s real estate market, the same can be said. While there’s no hard or fast rule as to when you should sell your home, timing can play an important factor in the process. From increased visibility and more demand, to quicker sales and higher prices, the evidence overwhelmingly suggests that spring is an attractive time to list your property. So if you are thinking of listing this spring, here’s why now is a great time to consider.
There isn’t one single reason as to why spring is a great season to list your home. Rather, it’s a number of factors that when combined, create the perfect conditions for a sale.
The main reason is simple: better weather. That’s because with warmer weather and extended daylight hours, people tend to be more active and spend more time outdoors, meaning buyers are more likely to get out and explore in search of their new home. Homes also show better at this time of year and are more likely to spark the attention of those considering to buy. Transitioning from winter to spring can also have a positive psychological impact on buyers. Being a time of renewal, many people are considering major life changes, whether it’s a new job or moving to a new home.
Another main reason why spring is such a great time of year to sell is because it falls within the “goldilocks” zone for schedules. In the summer months, most people are on vacation and just want to relax. On the other hand, winter can be a stressful time of year, with the holiday season and dreaded period after when finances can be a bit tight. Not to mention, the idea of moving in winter weather is a deterrent for most. Spring is also an ideal time for families as it is the least disruptive. Buying in spring means closing can be completed after the school year ends, and kids can be settled into their new home before the new school year starts.
What the Numbers Say
They say numbers don’t lie, and in real estate, it’s no different. Stats from the Canadian Real Estate Association show that within the past decade, spring has been the time of the year where there’s the most activity on the market. In particular, May and June tend to have the highest number of sales of any months of the year. What’s more, with a large percentage of the year’s sales occurring in just a few short months, homes also typically sell for more and spend less time on the market during spring.
Considering a Spring Sale?
Although spring is one of the best times of year to list, selling your home is a big decision and all factors need to be carefully considered. One thing to keep in mind that listing your home in spring means there will be more competition. Ensure that your home will stand out but spending some time and money on your home with small upgrades and staging. Another important part of a successful sale? Having a great REALTOR® on your side who knows the market inside and out. A REALTOR® can make all the difference in listing your home for the right price and attracting the right buyers.