Is there a best time of the year to sell a home in Phoenix: does Phoenix have seasons for sales?
The Seasonal Phoenix Real Estate Market
Regardless of how well you coordinate changes come about and sometimes those changes mean that you need to sell your current locum. Hopefully you get some choice in when this occurs and some time to prepare. Besides cooking up a property for sale you must also consider the market trends. Perhaps a choice will be renting it out, but that is rare so let's assume you need to sell. So how do the estate seasons change in Phoenix and will they affect your home sale?
The Bigger Phoenix market over all follows a unique trend of peak and dips throughout the year: that is the main pattern, the seasonal one, then there are others to consider, ones still bound to the seasons, though influenced by other powers. Overall the peak for sales is the transition from June to July and a dip in activity in December and a dip in sales in Jan. After the winter dip the sales pick up in Spring and move up rather quickly into June only to drop of swiftly in July and have a tiny last summer bump up in August with continued declines into Winter. That is necessary to know. Sales change and so does inventory. Both have to be considered together and a buyer/seller balance must be established. What is the inventory?
Different towns inside Greater Phoenix have their own ups and down in the larger scope of the trends.
As an example in the winter there is great inflow of folks from out of state, from the less warm parts of the country then in summer when it's more families moving in the summer vacation before school starts.
Each one of these segments has different demands from properties. Holiday houses regularly look different from big family houses and the demand changes. Vacation houses are rather more popular in the colder times of the year and sell better even though overall demand is down in the prime season.
Should you care? Perhaps. You do not want to avoid putting a home on the market due to seasons. It wouldn't pay to pay the mortgage pointlessly to hope and get one or two more thousand at a peak season, more important are other trends.
About the Author:
inPhoenix Realty Group is a collection of experienced Phoenix real estate agents working for both buyer and sellers in Bigger Phoenix. They study and supply great knowlege and depth about the Phoenix real estate trends.
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