Selling a house can be daunting, especially when you need to figure out the right time to sell. The timing of your home sale can significantly impact the selling price, the number of offers you receive, and the time it takes to sell your property. In Arlington, Alexandria and the surrounding Northern Virginia area, there are certain times of the year are considered better for selling a house. And according to REALTOR.com, there is a week that represents a balanced selection of market conditions that favor sellers.
“The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.” – REALTOR.COM
Springtime (March – May)
Spring is generally considered the best time to sell a house in the area. The weather is mild, the flowers bloom, and the real estate market is usually very active. This is when buyers start their house-hunting process in full swing, and sellers can expect to receive multiple offers. Moreover, the demand for housing is high, and inventory is often low during this season, which can result in a bidding war and drive up the selling price of your house.
Summer (June – August)
Summer is another popular time to sell a house in Arlington / Alexandria Virginia region. During the summer months, families with children are usually looking to move before the start of the new school year. This can create a sense of urgency among buyers, which can be advantageous for sellers. The warm weather and longer days make it easier for potential buyers to attend open houses and viewings. However, the competition can be stiff during the summer months as many sellers choose to list their properties during this time.
Fall (September – November)
Fall is also an excellent time to sell a house in the Arlington / Alexandria Virginia region. The weather is mild, and the leaves change, making your property look more appealing. Buyers who missed out on purchasing a home during the spring and summer months are still looking for their dream home, so that you can expect a good amount of activity during the fall season. However, the housing demand may slow towards the end of November as buyers shift their focus to the holiday season.
Winter (December – February)
Winter is generally considered the slowest time of the year for real estate activity in Arlington / Alexandria Virginia region. The cold weather and holiday season can make it difficult for buyers to attend viewings and open houses. However, some buyers may be highly motivated to purchase a home during winter due to personal or work-related reasons. Additionally, there is typically less competition during this season, which can give sellers an advantage when negotiating offers.
The best time to sell a house in Northern Virginia depends on your circumstances and the current state of the real estate market. Spring and summer are generally the busiest times for real estate activity, but there are still opportunities to sell your home during the fall and winter. Kay Houghton & Associates will help you navigate the market and maximize your profit when you choose to sell.
Curious what your home is worth? Or ready to get on the market? Get in touch with us!