When’s the best time to sell a home in Boston? MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent
If you have a would-be seller close to getting ready to put their home on the market, now’s the time to prepare.Homes listed during the last two weeks of May in Boston sell for two point nine percent more than at any other time of the year, and that equates to an extra $20,800 on a typical home, according to a new Zillow report.
That same time frame is true across the country. Homes listed during this time frame sell for one point six percent more nationally, a $5,600 boost. With search activity peaking before Memorial Day, Zillow said shoppers start getting serious about house hunting between the start of summer vacation and the beginning of the school year. And that means more competition letting sellers fetch higher prices.
Zillow did warn of one major disclaimer in its report. There’s no guarantee that this year’s spring home-buying season will mirror last year’s trends, as inventory issues and volatile mortgage rates continue to be a factor to the market.
Zillow Senior Economist Orphe Divounguy said in the past few years, mortgage rate fluctuations upended the traditional spring home shopping season.“Buyers who are on the edge of qualifying for a loan jump in and out of the market depending on what’s happening with rates,” Divounguy said. “When rates fall, more buyers rush in, putting upward pressure on prices, which could happen at any time of year. ”
The post When’s the best time to sell a home in Boston? appeared first on Boston Agent Magazine.
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