Choosing the best time to sell your home can increase its market value. Seasonality plays a huge factor when listing your home. Although winter may be the best time to purchase real estate, spring is the best time to sell your property. Potential home buyers are more likely to pursue their perfect dream home when the weather is ideal, rather than search for one in the cold winter months. In Maryland, buyers may also have more leeway as their tax refunds begin to roll in during the early months of spring.
According to Zillow’s Home Sellers, seasonality isn’t the only thing residents need to be aware of when deciding to sell their home. It’s also important to consider the state of your local housing market. Realty Times curated an informative analysis of the 2018 housing market in Howard County. The average price of homes sold in May 2018 was 3% higher than April 2017. Prices continue to hold steady here with no large jumps that can scare away home-buyers. Also in May, active listings were down 12% from last year at this time. This drop indicates May would be the best time to sell your Howard County real estate as fewer listing mean less competition on the market.
On the market for a home in Howard County? Dorsey Family Homes’ Rockburn Estates community is conveniently situated in the coveted neighborhood of Ellicott City. Take a virtual tour of the communities available floor plans including the spacious Ridgley and the gorgeous Calvert model homes. Visit our website for more on our upcoming communities in Howard County!