Selling a house is not as easy as it seems, especially in highly industrialized areas like California, where better options are available. So the most straightforward question to ask is, “When and how do I sell my home?”. Unfortunately, there is no specific answer to this type of question as timing is not just everything in this case.

To sell a house in California, you will need to carry out foolproof market research or survey to understand how best to face the situation. There are also several factors you will need to consider before you get on with the sale. These factors will work towards ensuring that you locate the best deal and maximize profit returns.

Nevertheless, timing remains one of the main factors that determine whether or not you will sell your house when you want it. Suppose you are keen on discovering the best time to sell a home in Southern California and beyond; kindly read to the end of this article. 

First of All, Understand the Market

Every housing market varies in its complexity, and it is essential to understand how a given market wants to get anything out of it. In California, for instance, the housing market is known to experience booms from mid-March to around mid-April. This period coincides with the college basketball tournaments across the country fondly called “March Madness”. 

This period can be tagged as a “window period” where housing sales increase due to the influx of buyers and potential investors. Thus, those who desire to sell their properties with massive interest gains, especially those who intend to pay off debt with the returns, must be ready to be on the lookout during this period. However, before you get into an adrenaline frenzy, be sure to read this article dutifully as a guide to know when best to sell.

When Is the Best Time to Sell?

No one has a particular radar that detects the best time to sell a home; nonetheless, many theorize that the best time to sell a house is within May, June and July, basically during the spring months—wondering why Spring is reportedly the best time to sell a home in Southern California despite other available month options? Well, read on to find out.

Don’t assume that the selection of this period is based on some fancy theory formulated by “real estate gurus”. However, the reason is pretty simple, for with great demand comes great competition. Many families know that there is no school during the summer break; they try to utilize it as the perfect time to move. 

Hence, they prefer to close deals during these times so their kids don’t miss class. Moreover, it is easier to move during warmer months as you get to skip the fiery battles with the snow, not to talk of the horrific journey made even worse by the frosty tarmac.

Make Sure to Take Advantage of the Spring Beauty

Okay, let’s be truthful, the beauty of Spring can be enthralling, thus what better time to sell your house than when the colors in your garden are shining and the flowers blossoming. By trading in Spring, you can take advantage of the breath-taking scenery as a form of seller psychology to keep the buyers glued to your house.

The Best Time to Sell Your Californian Home

In terms of pricing, the best time to sell your home in California is in June, when the median home price is $604,000, a value $21,500 more than the annual average. If you wish to sell your home faster, then it is best to sell in May when houses stay on the market for an average of 34 days. This figure is eight days lower than the annual average time to sell a home in 2021.

Once again, it is essential to note that determining the perfect time to sell a house is impossible as “the perfect time” is subjective, depending on whoever is selling goals, objectives, and needs. The best time to sell a house in Southern California relies on a series of wide-ranging factors that include economics, job growth, market activity and financial markets.

Also, to strike a good and profitable deal, it is necessary to study the median sale prices of homes when they are at their highs and lows. Carefully review the days-on-market as a high DOM indicates a slow market and low demand. Do well to remember that seasonality is a significant determining factor, especially in regions with fluctuating weather conditions.

So Says the Market

It is vital to make intelligent decisions; hence it is crucial to note the ideal time to list your property. A look at the market, its activity and the inventory records report is an excellent way to keep yourself on top of the game of house selling. 

Across the US, home prices have continued to rise despite the Coronavirus gaining over 5% in April. The above is according to data by the National Association of Realtors, who postulated that the bottlenecks encountered in inventory and buyer interest contributed to this price growth. 

Below are some tips on how to know the best time for selling a house in California.

When There is an Increase in Buyer’s Demand

The beginning of June is always marked by an increase in home-buying, with the number of home purchases increasing to about 88.9% of what it was before the effect of lockdowns. This gain may be thanks to the fall in mortgage rates and the massive demand for houses, especially now that the lockdowns are over.

When There Is Job Growth in the Area

One of the significant factors that drive the real estate market is job growth; hence, it is essential to look out for such situations. The presence of job opportunities will cause an influx of job seekers who are hungry to find a place to settle down while job hunting. So be sure to list your house when next you see that new factory being built or that new hospital being commissioned.

Are You Ready to List That House?

We all know that home selling is not easy; however, it is necessary, especially when you plan to move to a new location. If you think the time is right for you to take the step and search for a good deal, you can contact Property Escape to get the job done. We would love to help you every step of the way. Kindly contact us today.

You can also read our article on the best time to sell a house in Southern California: PropertyEscape blog for more information.