Spring heralds new beginnings not just in nature but also in the property market. It’s traditionally seen as the prime time for sellers to put their homes on the market. But what does the data say? According to insightful analysis by Dataloft, Spring is an optimal season for home sales. This article delves into the specifics, presenting compelling reasons why now could be the perfect time to consider listing your property.
Spring Sales Surge
Historically, Spring emerges as the most popular season for buying and selling homes. Excluding the anomalous year of 2020, data from the past five years reveals that 27% of home sales occurred in spring, making it the season with the highest proportion of property transactions. This period, defined as March, April and May, not only brings warmer weather and longer days but also a blooming property market.
Swift Sales
One of the most striking aspects of Spring home sales is the pace at which properties find new owners. On average, homes listed in Spring are sold in just 51 days. This is a noticeable improvement over the 61-day average in winter. The quicker turnaround time in Spring can be attributed to several factors, including increased buyer activity and the appealing presentation of properties in the better weather.
Seasonal Advantages
Why does Spring stand out as the best time to sell? The answer lies in the natural revitalisation of the environment. Gardens burst into colour, natural light floods homes and the generally brighter weather enhances the curb appeal of properties. Moreover, buyers are more inclined to house hunt in comfortable weather conditions, leading to increased footfall at viewings and potentially more offers on the table.
Buyer Demand on the Rise
The current market trends further bolster the case for a Spring sale. Buyer demand levels are currently 7% higher than they were last year. This increase in interest means that sellers have a better chance of achieving a favourable sale price, as competition among buyers can lead to quicker sales and even bidding wars in some cases.
Preparing Your Home for a Spring Sale
To capitalise on the Spring selling season, consider a few key preparations:
- Garden Makeover: First impressions count, and a well-maintained garden can make all the difference. Spend some time tidying up outdoor spaces, planting flowers and ensuring your garden is a highlight.
- Spring Clean: A thorough clean can transform your home. Clear clutter, wash windows and ensure your property is presented at its best.
- Minor Repairs: Addressing small issues around the house can prevent them from becoming sticking points for potential buyers.
The Ideal Time Is Now
With the data pointing towards Spring as the prime selling season and current market conditions favouring sellers, waiting might not be in your best interest. Listing your home now takes advantage of the seasonal peak in buyer activity and the natural appeal of your property during these months.
Are you considering selling your home? Belvoir Estate Agents are here to guide you through the process, ensuring you make the most of this opportune selling season. Contact us today to arrange a valuation and discuss how we can help you achieve a successful sale this spring.
