Who would have thought that Autumn would ever surpass Spring as the most popular season to buy and sell property?
Based on the average number of sales by month and season over the last 30 years, data from Corelogic has Autumn coming out on top – but only just.
Around 27% of all sales in Australia over the last 30 years have transacted in March, April and May. Of those three months, the most popular is March. Why?
For two primary reasons:
1. The climate in March.
2. New Years resolutions being realised once things have settled after the festive season.
The second most popular season to buy and sell residential property is Spring with around 26% of sales happening in September, October and November (a fraction behind Autumn). This was followed by Winter (25%) and Summer (22%). Perhaps not surprisingly, January is the least popular month to list a home for sale, due to the holiday season.
3 reasons why now is a great time to buy and sell residential property
1. Historically low interest rates.
2. Cooler weather – March, April and May are considered the milder, more temperate months of the year. Not only does this make it easier to get out into the garden and get your property looking inspection-ready, but it generally also means there are more buyers out and about, attending Home Opens.
3. New Years Resolutions – upsizing, downsizing or moving to a more desirable location are common New Years resolutions. People who have made a resolution to move are generally more active in the first few months of the year, particularly from March.
Tips to make the most of your Autumn sale
Pack away your high summer decorative items and decorate your home with an Autumn theme – think warm and inviting colours and textures for throws and cushions as the days begin to cool.
As the days begin to get shorter, ensure your Home Opens are conducted at a time when your home receives maximum natural light.
Gardens can look spectacular in Autumn. If you are planning to put your home on the market in the next couple of months, consider planting shrubs that flower in Autumn now.
If you have a pool and a garden with deciduous trees, consider investing in a pool blanket to catch the leaves as they fall. That will save you an enormous amount of time on your Home Open days. Simply roll back the blanket to reveal a clean, inviting pool.
Call Shelley on 0417 963 670 or Mark on 0411 552 309 for an obligation-free market appraisal of your home and to learn more about the benefits of an Autumn sale and how you can make your property shine at this time.