If you’re looking to sell your property in Australia, you may be wondering what the best time of year to do so is. Should you start selling in winter? Summer? Or perhaps another time of year? If you’re like most sellers, you don’t want the property to sit on the market for too long. So, what’s the best time to sell?
The answer may surprise you: according to data from CoreLogic, the fastest time of year to sell a property in Australia is spring. In fact, properties listed for sale in spring take an average of just 26 days to sell. That’s significantly faster than any other time of year. For example, properties listed for sale in winter take an average of 32 days to sell, while those listed in summer take an average of 30 days.
For most people, the fact that summer sales are only slightly faster than winter sales comes as a surprise. After all, summer is traditionally the busiest time of year for buying and selling homes. But while there may be more buyers active in the market during summer, there are also more properties for sale; this increased competition means that homes take longer to sell. In spring, there seems to be the perfect balance of buyers and sellers, resulting in properties selling fastest of all.
If you’re thinking of selling your home, spring is the best time of year to do it. You’ll have less competition from other sellers, and you’re more likely to find a buyer willing to pay your asking price.
Fluctuation of Market Conditions
Of course, all numbers and statistics are averages, and there will always be exceptions to the rule. The real estate market is notoriously difficult to predict, as it is affected by a range of different factors. These include things like the state of the economy, interest rates, unemployment levels, and even natural disasters.
While spring is generally the best time to sell, it’s important to be aware of these other factors and how they might affect your sale. For example, if there are large numbers of properties on the market, it might take longer to sell your property, regardless of the time of year. The most important thing is to price your property realistically and work with an experienced real estate agent who knows the market well.
Property in Australia
How do you price your property realistically? This is often a challenge for sellers, but tools like PropertyPricer now exist to make your life easier. Simply enter in your property’s address and some basic information, and PropertyPricer will provide you with an estimated sale price. This is a great starting point for pricing your property.
Once you’ve got a realistic price in mind, it’s time to start marketing your property. If you have no experience in this area, contact a reliable real estate agent in your area. A good agent will be able to give you advice on how to market your property effectively and can also help to negotiate a solid sale price.
The best time of year to sell a property in Australia varies depending on the market you’re in. In general, however, spring is the best time to sell. This is when most buyers are actively searching for properties, so you’re more likely to find a buyer willing to pay your asking price.
If you’re selling in a buyer’s market, however, you may want to consider waiting until the conditions change!
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