With the busy spring market upon us (it actually started early this year!), let’s take a look at why this season is often seen as the best time of year to sell a home. With a large percentage of the year’s sales occurring in just a few short months, homes also tend to sell for more and spend less time on the market. And don’t worry, you’re not too late; statistics show that May is the best month of the year to list a home. Here 5 reasons spring is so popular:
Homes show better in spring:
Let’s face it, spring is beautiful time of year! The grass is green, the flowers are blooming, and that brightness can carry through your home. “Homes appear more appealing when the weather is warming up and buyers tend to be in high spirits.”
Moving in late spring or early summer is far more appealing:
Let’s face it, no one gets excited about moving in the winter time. Snow makes everything more complicated. The same is true for the hot summer months. Buying in spring can avoid all of that.
Buyers have likely just received their tax refund:
Saving for a home these days can be a long process, but tax refunds can often provide buyers with the extra cash they need. The influx of money also makes spring buyers more likely to pay full price.
The move won’t interrupt the school year:
For families with children, this can be one of the biggest factors that draw them to the spring market. Buying a home in spring, and closing in early summer means that their children won’t have to switch schools halfway through the year, which can often be a big adjustment for little ones.
There’s something in the air:
There is something about spring that makes us all feel like starting fresh; this is why “spring cleaning” is a thing. “After a long winter, the first hints of cherry blossoms and crocuses seem to trigger the “moving bug” in many people.”