Did you know that Miami has a higher average annual home appreciation rate than 85% of cities in the country?
All in all, this is a great year to consider selling your home in Miami.
But the time of the year that you sell your home has a significant effect on how fast you sell it, and how much you get for it.
If want to know the best time to sell your property in Miami, this article has you covered.
Keep reading to find out what month and day of the week you should post your listing!
The Best Time to Sell Your Property
Research shows that the best time to sell your house in the U.S. is during the first two weeks of May. On average, owners sell their homes nine days earlier and with higher premiums during this period.
But that’s the U.S. in general. If you want to sell your property in Miami, the best time to do so is actually March 1st through the 15th.
Why two months earlier?
For the most part, buyers in hotter regions of the country begin looking for homes earlier than those in cooler regions. Therefore, sellers in Miami should sell a couple of months earlier than those in Minnesota, for example.
The Argument for Winter
The final quarter of the year might not be a bad time to sell your property either. All winter months could provide unique advantages to sellers.
In fact, one study found that sellers can make more money by listing their homes in the winter.
What are some of the unique advantages winter offers?
First, competition is weak during this time, as many sellers focus on the spring. People searching for homes in the winter won’t have as many options to pick from.
Second, some buyers want to take advantage of tax benefits. November is the perfect time for them to nab last-minute home purchase deductions.
Also, consider that the best time to sell a vacation home can be different than a family home. Many buyers want to get situated in their vacation home before it starts to get too cold in the northern states.
The Best Day of the Week to List Your Property
In the past, most sellers would list their property on a Thursday. This provided enough time for buyers to see their ads in the newspaper before the weekend rolled around.
However, the practice has lost all importance with the growth of the internet.
Buyers now have access to listings right away via email, and very few rely exclusively on newspapers. Therefore, there’s no good reason to wait until Thursdays anymore.
In fact, listing on Saturday is now ideal, as it may allow you to have an open house immediately. This makes it convenient for potential buyers to stop by and see the place for themselves.
You should now have a much better idea of when to sell your house in Miami.
Remember that your best bet is to sell in early March. But you’ll probably have less competition in late November.
There are also other factors that can impact your best time to sell. Some emergency situations may require you to sell earlier than you would like.
If you’re looking to sell your property, feel free to contact us today!