There is a general perception in the market place that the best time to be selling your home is during the spring and summer months when the garden is in full bloom.
Contrary to this general belief, the best time to be selling is when supply is low and demand is high. This is generally during the winter months, May through to September.
Logically, the more houses there are on the market for sale, the lower the price you’re likely to achieve. This is because buyers have the upper hand as they have more options with more houses to choose from.
Statistical evidence in our office shows that we achieve better than market prices during the coldest months of the year because there are fewer properties on the market. Many properties during this time sell within days of going on the market and some sell at full price or even above the asking price due to the high demand and competition.
If you are selling and buying another property in the same market, timing your decision is of little relevance. This is because the change over price which is the difference between your selling and buying price is not effected greatly by whatever time of the year you decide to act. That’s why your personal and financial circumstances, should always dictate your decision to sell or buy.