By Isaiah Ajala, Licensed Real Estate Salesperson

When it comes to the residential market, I often believe that New York City is different from most cities throughout the country. For instance, some cities, particularly in the west and south, are experiencing a decline in rent, while rents have increased in NYC– let's not even talk about the price of rentals. Another difference is the value of homes. The average value of homes on the market in Philadelphia are just under $150K, whereas NYC is just under $1M.

With all the nuances between the different cities, a common theme is the timing in which houses hit the market. Spring and summer months are generally when you see an uptick in houses hitting the market as the weather starts to heat up, which makes it easier for families to hit the curb and look at new homes. Depending on your location, this may not apply to you. However, here are some reasons why the spring and summer months are the best times to list your house:

Increased Buyer Demand

In the spring months following the winter season, buyer activity tends to pick up. Many potential buyers start their search during this time, looking to make a purchase before the summer months or the next school year begins. Increased demand can potentially lead to more buyers and competitive offers.

Pleasant Weather

Spring typically offers mild and comfortable weather, making it easier for buyers to visit properties and explore neighborhoods. Additionally, the blooming flowers and greener landscapes can enhance the overall appearance and curb appeal of your home, making it more enticing to potential buyers.

Longer Days

Longer daylight hours in spring provide more opportunities for potential buyers to schedule viewings, even after work hours. The extended daylight can make your home appear brighter and more inviting during showings.

School Year Considerations

Families with children often prefer to move during the summer months to minimize the possible disruption to their children's education. By listing in the spring, you provide ample time for buyers with families to complete the purchase process and settle into their new home before the next school year begins.

Inventory and Competition

While spring typically sees an increase in buyer demand, it also tends to bring a higher number of houses for sale. This increased inventory can attract more buyers to the market, as they have more options to choose from. However, it's worth noting that this can also mean more competition among sellers, so proper pricing and effective marketing strategies are crucial. 

It's important to remember that the best time to list your house can also depend on your specific location, market conditions, and individual circumstances. Consulting with a local real estate agent who is familiar with your area's market trends can provide you with tailored advice and help you determine the optimal time to list your house.

Connect with Isaiah Ajala and view his current listings here.