When is the best month in the year to sell your home?

After analyzing five years of Ontario real estate data. It showed May had the highest number of sales compared to any other month of the year and prices tended to be higher.

Possible reasons for that is that aside from nicer weather, a home tends to show better in spring and summer. More buyers may also be ready to buy as they might be using their tax refunds for the down payment. Plus, if they have kids, moving in summer means schooling isn’t interrupted.

On average over the last five years in the GTA, selling in May can get you $60,000 more than if you were to sell in January.
 

Think about that. That's pretty crazy.
 

TheRedPin.com went so far as to pinpoint the best day to buy down to the third Monday in January. But winter in general seems to be advantageous for buyers.

TheRedPin.com went so far as to pinpoint the best day to buy down to the third Monday in January. But winter in general seems to be advantageous for buyers.

Sellers who have a home in need of some work or that has a “less traditional layout”  should put it on the market when there’s less competition (like fall or winter). It will likely have a better chance of being seen then and getting a good offer.

Pro Realtor Tip:

There have been studies done that have shown that if people list their homes for an odd price, they make out better.

Walmart has figured this out, he added, saying it’s unusual to find a price in there that ends in a zero.

It’s sort of an unexplainable psychological reasoning going on there. People rarely do it but it almost always pays off.

If you would like more information on buying or selling a home in Toronto, the GTA all the way north to Barrie or Orillia give me a call today at (416) 666-3395, let's grab a coffee!