If folks in the South talk about their beautiful spring season, folks in the Northeast know that Fall is one of the nicest times of the year. Maple trees changing colors, apple picking, warm sunny afternoons and Thanksgiving… This is the time of year that many people are thinking about the home that they live in and the home they want to be in in the future.
There’s a misconception that the best time of year to list your house is always the spring. In fact, the fall can be a phenomenal time to list. Here are a few reasons why:
Everyone is Home
The Fall brings with it the return of school and a more predictable schedule. Whereas folks often take a vacation in the summer months, by fall, people are back in the community and more readily available to come by and see your home.
Houses Look Good in the Fall
Unlike the spring market, which in some communities in the Northeast can start as early as February, after a beautiful summer of maintaining your property, homes show well the fall. Whether you spend time gardening around the house all summer or just run out to grab a couple of mums for the front door, the grounds often times look a lot better in September than they do in a brown, snow patched March.
Low Inventory is Good for Sellers
Especially in markets with low inventory, the Fall can be a particularly hard time to find a home for sale. If you list in the Fall and your property is one of the few on the market, you’re likely to get a lot more interest than the spring when there are more homes available to buy.
Markets are Dynamic
Oftentimes what drives the value you receive for your home has to do with things totally unrelated to the season… Are interest rates going up or down? How much inventory is currently on the market? Are there new developments in your community that are coming online? These factors and many more will have a much greater impact on the sale of your home then relying on old adages like “listing in May is the best time to sell your home”.