What’s the best time of the year to sell a home?
Homeowners often ask what time of year they should put their home up for sale. It’s a good question. Everyone wants to take advantage of the times when potential buyers are most active.
In Quebec, there are two times of year that are particularly busy on the real estate market. According to Martin Desfossés, real estate coach at DuProprio, real estate market transactions take place all year. “They never stop,” he says, adding that he’s even seen sales close on Christmas Eve.
Martin therefore advises people planning to sell their home not to wait until a particular time of year. “The sooner you put your property on the market, the quicker you will attract a potential buyer.”
Peaks during the year
Of course, some times are busier than others. “The number of transactions increases when autumn approaches (August-September-October-November),” says Martin. “The other busy time is from the beginning of the year to the end of June.”
On the other hand, the market is slower during the run-up to the holiday season. The same can be said for the summer holidays. Buyers search less, forcing sellers to be patient.
Hundreds of sales every month
But this doesn’t mean you won’t sell your property if you put it on the market in December or July. Statistics show that hundreds of homes are sold in Quebec every month. What’s more, they don’t sell for less if the market is still healthy. But it may take longer to attract a buyer.