Since April 2020, US home prices have increased by 37% in just 24 months. The Fed intends to slow this growth by raising mortgage rates. This might cause property values to decline between 2022 and 2023. It is best to sell a house as soon as possible if you intend to.
When is the Best Time to Sell a House?
The housing market begins to pick up in late spring and continues through the summer, culminating in June or July. When you sell during certain months, you may receive premiums of 10% or more.
Due to their speedy sales and a higher likelihood of selling above the asking price, 21% of the residences are listed on Thursdays. Therefore, a Thursday in June or July is the ideal time.
The start of the school year, holidays, and other events should all be taken into account. Also, keep in mind that each state may have a different optimal period for home sales. Nevertheless, never attempt to time the market. The economy is struggling, and interest rates are rising.
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