Should I Wait to Sell if Home Prices are Increasing? Best Time to Sell a Home in Texas
Timing the market! So, I’ve been getting this question a lot lately: “Should I wait to sell if home prices are increasing?” And let me tell you, it’s a great question! First things first, when it comes to home prices going up, it’s like watching a roller coaster ride. But here is the thing – timing the market is like trying to catch a unicorn. It’s elusive, unpredictable, and you’ll probably end up with a face full of glitter. So, instead of waiting for the perfect moment, why not focus on what you can control?
Late Spring/Early Summer
Too Long into the Summer Season
However, it is important not to wait too long into the summer season, as an increase in inventory on the market can lead to heightened competition among sellers. On the other hand, listing too late in the year like October/November is considered the worst time to sell in Texas.
Maximize Profit
If your primary goal is to maximize profit, listing in June could net you 13.4% more than listing in January according to historical data. Notably, June has consistently recorded the highest median sale prices across Texas.
That said, home prices are forecasted to continue rising modestly in 2024, by around 2-4% in the Houston area specifically. So there is still some potential upside in waiting, though the peak selling season is late spring.
Ultimately, your personal circumstances like need to move for a job, kids’ school schedules, etc. should factor into your timing as well. Working with a local real estate expert can help determine the optimal listing time for your situation.
Should I Wait to Sell if Home Prices are Increasing | Conclusion
In summary, if you prioritize maximizing profit, you should list your property in late spring (May/June). In addition, which historically offers the best time to sell in Texas when prices peak. However, it is expected that there will be modest continued price appreciation in 2024. Therefore, so waiting a bit longer before listing could provide some additional upside. But be cautious not to list too late in summer/fall when competition increases. An experienced local agent can offer personalized advice based on your specific goals and circumstances.
Contact Information
To schedule a coffee date or learn more about timing the market, contact Terra Point Realty at 713-766-1697. Their friendly and knowledgeable team is ready to assist you with timing the market. Don’t miss out on the opportunity to live in your dream house – schedule a coffee date today and start your journey towards timing the market.
