When is the best time to sell a Colorado Springs house? Timing the market properly can make all the difference in achieving a fast and profitable home sale. But how can you be sure when to enter the market?
In this post, our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will share the best time to enter the Colorado Springs housing market in terms of seasonality. We’ll also share which factors you should consider when determining the best time to sell for your personal situation.
Key Takeaways:
- In Colorado Springs, the best time to sell a house is the spring and early summer months, particularly May and June.
- In June, homes in Colorado Springs spend an average of 28 to 36 days on the market, compared to 76 days in January.
- Regardless of the season, the housing market conditions in your local area may not be ideal for a home sale. Work with a realtor to understand the market conditions before getting started on your sale.
When is the Best Time to Sell a House?
In Colorado Springs, the best time to sell a house is the spring and early summer months, particularly May and June. In June, homes spend an average of 28 to 36 days on the market, compared to 76 days in January.
In recent years, the average amount of time Colorado homes spent on the market year-round was 44 days. In recent months, the median days on market was 51 days.
Spring and summer are a popular time to sell a house for several reasons:
- Warmer Weather: Warmer weather tends to get buyers out of their homes, driving up demand. It makes it easier for buyers to plan their moves as well as travel to showings and open houses.
- More Daylight: Longer daylight hours allow more time for potential buyers to view listings after work. This expands the window for showings each day, making it possible for buyers to view homes on weekday evenings.
- Tax Refunds: Many buyers receive tax refunds around April, which they can put towards a down payment on a new home purchase in May or June.
- Better Curb Appeal: Spring and summer mean you can showcase your home’s green lawns, gardens, flowers, and trees. More sunshine also makes it easier to schedule professional landscapers before listing your home on the market.
- Moving Before the New School Year: Summer is an easier time for families with children to move, since they can find their new home and get settled before the next school year starts.
What Personal Factors Determine the Best Time to Sell Your Home?
Aside from seasonality, the best time to sell your Colorado Springs house will depend on several personal and financial factors. These include:
- Market Conditions: Regardless of the season, the housing market conditions in your local area may not be ideal for a home sale. For example, if the market is currently a buyer’s market, there may be low demand and high inventory, making a home sale difficult. Work with a realtor to understand the current home prices, supply and demand dynamics, average days on the market, and other metrics.
- Economic Conditions: The housing market is closely tied to the health of the overall economy. Pay attention to economic factors like job growth, wage growth, inflation, and especially mortgage interest rates. A stronger economy typically results in more buyer demand.
- Home Condition: It’s important to take care of renovations, upgrades, curb appeal, and necessary repairs before entering the market. Make sure your home is in move-in ready condition before listing it.
- Personal Timing: Personal circumstances like job relocations, family needs, or financial goals influence whether or not it’s the best time to sell. If you can afford to postpone your sale until a more favorable time in the market, it may be worth waiting. But if you need to move for a job, the best time to sell may not align with favorable market conditions or the summer season.
- Financial Considerations: The financial cost of selling a home is a significant factor in deciding when to enter the market. Create a budget estimate of renovation costs, agent commissions, closing costs, and relocation expenses. In addition, consider your outstanding mortgage balance.
Sell a Colorado Springs House Fast with Barb Schlinker
Above all, a successful sale depends on working with an experienced realtor who has a proven track record. At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team, Barb Schlinker and our entire team have been in the real estate business for 27 years.
We’ve helped many clients sell their houses fast and for top dollar. One reason we’re able to accomplish this is our Guaranteed Sale Program, which guarantees the sale of your home within your timeframe and for the best possible price.
To learn more about working with us to sell a house in Colorado Springs, call 719-301-1802 or fill out the form on this page. Take the first step to sell your house fast today!
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