Autumn outperforms spring as the No. 1 selling season

In April last year the Real Estate Institute of WA (REIWA) released data which proved what many real estate professionals had observed for some time – that Autumn is now officially recognised as the number 1 selling season of the year, outperforming Spring, which now comes in second.

Figures between 2001 to 2015 showed there were an average of 50% more sales between March and May than at any other time of the year. It is thought that the primary reason for this is that March has been pinpointed as the month of the year when people are ready to start tackling their goals for the year in earnest as all thoughts of summer holidays have long passed. For many, their goals include upgrading the family home, downsizing or buying an investment property.

There are two schools of thought as to why Spring no longer comes in at number 1. One school of thought is actually linked to the AFL Grand Final and the start of the spring school holidays. Another is simply that so many people assume that most wait till Spring to list their homes for sale that the market would be flooded and their property would have less chance of standing out in the crowd. As a result, some are now opting to avoid Spring to sell and choosing Autumn instead.

With beautiful weather, clear skies, warm (but not hot) days and crisp evenings, Autumn can be a great time to sell and have your property presenting at its best.

If you would like to know how the market is performing in your neighbourhood and are interested to know what the best selling strategy for you would be, give us a call. We would be happy to come and see you for an obligation free property appraisal.

Post by ShelMarkblog 14 Apr 2017 0