When should I sell my house?

This is a common question that many homeowners contemplate.

The timing of selling a house is crucial and can be influenced by various factors such as market conditions, personal circumstances, and financial considerations.

It's essential to weigh these factors carefully to determine the most opportune moment to list your property for sale.

Unless it’s completely unpredicted, you can take an advantage of seasonal effect to maximize your return.

Although there is never a bad month to sell your home in Baltimore, still there is a specific month when the average of sold house price records the highest in the year.

In winter, there are fewer buyers in the market.

The market in this vibrant city offers opportunities year-round, providing sellers with a range of possibilities to make a successful sale.

However, during the extended winter season, which stretches from Thanksgiving through to spring break, we typically enjoy ample time off for holidays and vacations.

So do buyers. Due to the decreased buyer activity during this period, the real estate market tends to exhibit a quieter pace.

But as soon as flowers are blossoming

Signaling the arrival of spring, the real estate market springs into action, bustling with increased activity and a surge in interest from prospective buyers and sellers alike.

According to Smart Chart, a real estate market statistics provider, there is a seller-friendly month in a year.

Spring, the season when you should plan to sell the house.

Statistics shows typically lowest sales and listings during the winter. But, from March, the real estate market movement in Baltimore is significantly more active than the winter season.

May, June, and July in Baltimore

For the past 10 years, you can see the pricing patterns in Baltimore real estate market. You can clearly see some specific months show higher median sold price than other months.

Last year, in 2023, June and August recorded the highest Median Sold Price of the year.

In 2023, February had the lowest Median Sold Price of the year, recording $329,000.

June and August recorded $385,000 which is 17% higher than February Median Sold Price in Baltimore.

Are houses more expensive in the summer?

Looking at the statistics of Baltimore real estate market, I can confidently say yes. The average of Median Sold Price in the Winter months in 2023 was $333,462 while the average of Median Sold Price in the Summer months recorded $382,475 which is 15% higher than the Winter months.

Selling home could take some time, prepare in advance

But just because you decided to sell your house, it doesn’t mean the house is available on the market. We need some paper works and other marketing work to make your house more charming, to attract more potential buyers.

Therefore, my suggestion to potential sellers would be to reach out to your realtor approximately 2 months before you plan to take money from a buyer. This proactive approach can help streamline the selling process and ensure a smoother transaction.

Selling home in Baltimore Maryland, I can help you.

I will carefully orchestrate each stage with precision and thorough planning to ensure that you achieve top-dollar results.

Don't hesitate to reach out to me promptly if you are considering selling your home.

Reach out to me, I will give you a free Comparative Market Analysis Report. It will provide you an accurate price range based on the most updated market trend.

Talk you soon!