Best Month to Sell Your Home

Posted by Tyler Frederick on Friday, March 27th, 2020 at 1:00pm.

In Saskatoon, the best month to sell your house really depends on the competition you have in your niche market at any given time. Traditionally, most potential sellers that may be looking to list their home will want to have it ready for spring or summer, when the market is most active. With more home buyers buying, the more likely a seller will be to sell their house quickly. However, this is also when most homes are listed, so there's also more competition between properties, which could lead to more days on the market.

Competition isn’t typically as strong during the fall or winter, so if you want to be sure your property will be seen, those may be the best months to sell a home. Spring, however is still an excellent season for selling your house, though. But with competition traditionally at it’s strongest, you’ll have to work with your knowledgeable, local REALTOR® to price appropriately according to your competitors to help your home stand out.

 

The local economy should also be taken into account when deciding which is the best month to sell your house. If consumer confidence in the market is high in the fall or winter, there is no guarantee this will sustain itself to the busy spring market. So if the market is bustling with people looking to buy a home, don't miss your opportunity to get in on the activity while it's there.

When deciding on the best month to list a house for sale, you'll also want to take a look at current interest rates. Traditionally, home prices rise when interest rates decrease, due to more buyers entering the market and increasing demand. And if interest rates are rumored to be on the rise, there may be a large number of eager buyers ready to write an offer before said increase takes place. To get a better idea of how the interest rates are affecting your local real estate market right now, talk to your Mortgage Broker and REALTOR®. 

 

The last thing you'll want to take into consideration when deciding when to sell your home is whether or not you are personally prepared to sell. When your REALTOR® presents you with a market evaluation, they should be presenting you with a realistic selling range that reflects your current local market and what buyers are actually willing to pay for a home like yours if it were to sell today. Depending on the Saskatoon real estate market at any given time, this could be lower than you were expecting to sell your home for and if you’re not willing to sell within that range, you might want re-evaluate your strategy.

 

If you have any questions about listing your home, please send us a message or give us a call. We can provide you with a free, no-obligation market evaluation for your home and discuss the current market, competition, recent sales, and trends to give you the best advice on when to sell!

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