Timing is everything, or so we've been told.
I know this question is on the minds of many Fort Lauderdale homeowners, because I'm asked all the time when is the best month to sell my Fort Lauderdale home.
I have good news for you if you are considering selling a home in the Fort Lauderdale and the surrounding area.
It doesn't really matter that much.
I pulled some statistics from the Fort Lauderdale MLS. Specifically I wanted to know which months were sales closer to the asking price. If you look closely at the graph below in August of 2017 the average sales price was 97.55% of the asking price. That was the best month for sellers. In January the average sale price was just over 97.1%. That was the worst month for sellers from a price perspective.
The difference from the best to worst month is just a little over one half of 1%!
I also took pulled up statistics of the number of days on the market at the time of sale. With this statistic the variance from best to worst was a bit more significant. Homes that closed in August 2017 averaged 54 days on the market. That was the best month. Homes that closed in Nov 2017 took 66 days on average. This is a difference of 18%.
When you factor in the amount of time it takes to sell then listing you home in Sept will take you the longest and listing your home in June will sell the fastest. So, if selling your home quickly is your biggest concern then avoid listing in Sept and consider the late spring and early summer instead.
There won't be much difference in price as we already learned.
I think a lot of people get the impression that South Florida is a seasonal place to live. That is only partly true. The population surely does swell in the winter months. However, there are close to a million people that live in Broward County year round and that is growing. This isn't Martha's Vineyard or the Hamptons where the off season population is a fraction of the in season population. I don't have that statistics for those areas, but it looks like there are some relative bargains at the end of summer.
My advice to you is that if you need, or want to sell, then go ahead and put your home on the market and don't worry too much about the timing. Besides, conditions change all the time. Right now conditions favor the seller in most cases. Right is a good time to be selling a Fort Lauderdale home. We don't know if conditions will be better or worse a year or more from now.
Related:
What Does it Cost To Sell a Home in Florida?
Right Now is a Good Time To Sell a Florida Home
3 Steps To Get Top Dollar For Your Home
Serving The Greater Fort Lauderdale area since 2006
You can reach me 954-895-2431
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