Considering selling your home and wondering if when is the best time to sell your house? If so, you’re likely evaluating factors like current mortgage rates and your personal lifestyle changes to decide your next steps. Here’s an additional aspect to think about. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, a growing number of people believe now is a prime time to sell (refer to the accompanying graph):
Optimism Among Sellers: A Closer Look
Why this surge in confidence? For starters, the traditional peak selling seasons of late spring and early summer are upon us. A recent Bankrate article notes that these months are typically the ideal times to list a house.
“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”
Despite the relatively high rates, low inventory continues to put sellers in a favorable position across most markets. This is when buyer demand spikes, and with the limited number of homes available, sellers enjoy substantial advantages.
Rocket Mortgage highlights that homes listed during this window not only sell quicker but also command higher prices.
“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”
What This Means for You
The increasing number of sellers listing their homes indicates that many are recognizing the favorable conditions for making a move. If you’re contemplating joining them, now is the time to start preparing your home.
A local real estate agent can be instrumental in this process, offering tailored advice on enhancing your home’s appeal to attract buyers specifically in the San Diego area, where the vibrant community and desirable lifestyle heighten buyer interest. By listing during the peak seasons, you stand a good chance of a swift sale at a competitive price.
Wrapping it All Up on the Best Time to Sell Your House in San Diego
Listing your home in spring or early summer could lead to a quick sale at an attractive price. When you’re ready to leverage the benefits of today’s seller’s market in San Diego, connect with a trusted local realtor here in San Diego like the McT Real Estate Group and make the most of this opportunity.