Are you looking to sell your house? You probably want to know the best time. While the answer depends on factors like location and current market trends, certain months are better than others.
So, what is the best month to sell a house in Las Vegas? Keep reading to find out.
What’s The Best Month to Sell A House?
Historically, May has been the best month to sell your house in Las Vegas. However, March and April are also good choices today.
Some realtors argue that May is still the better month to sell overall. We advise sticking to the March-May window, and you’ll be in the best position to maximize your final price while minimizing your wait time.
Pro tip: Homes sell faster in March than in any other month. Try listing your home just before March to sell it faster. If you want the highest price, then sell in April.
March, April, and May vs Winter Months
Spring and early summer are better for selling your home than October, November, and December. There are different reasons for this, but the two main ones are the holidays and the new, upcoming school year.
Holiday celebrations can make it difficult for buyers to coordinate the purchase of a new home when they have to plan for Halloween, Thanksgiving, Christmas, travel, meet family, buy gifts, and so on.
Additionally, families with children prefer to move before the new school year starts.
Selling A House In Each Season
Let’s look at what it’s like to sell a home in Las Vegas during each season.
Selling Your Home In The Spring
Spring is an excellent time to showcase a house, thanks to warm weather and sunny days. It’s also the beginning of the residential sales season.
Moreover, many families want to buy homes before school starts. Buying in the spring gives families an entire summer to settle in.
One disadvantage of selling in the spring is competition, as other homeowners will be listing their homes at this time.
Selling Your Home In The Summer
Listing your home in June may be a good idea since buyers who don’t secure homes in the spring months may be incentivized to do so before the school year starts. However, it’s probably a good idea not to wait too long before listing.
Generally, the later you list in the summer, the longer it’ll take to sell your home.
Selling Your Home In The Fall
The home-buying market slows in the fall season, so you’ll have fewer active buyers and fewer opportunities to make a sale.
One way to counteract this problem and generate interest is to drop your price below market value, although quite understandably, not everyone wants to do this!!
Listing your home during the fall season is not always a bad idea. You just need to know how to navigate the market during this period.
Selling Your Home In The Winter
The holidays will present a challenge when you’re selling in the winter. You’ll have to coordinate with buyers and work around their family events.
Winter is also the slowest seasonal market, so fewer buyers will come to you. This means you have less chance of receiving multiple offers and using that leverage.
So, should you avoid listing your house in the winter? Not necessarily.
Keeping your house on the market during the winter might be a good idea when inventory is low. Low inventory implies that buyers are more likely to see your home when combing through listings.
The Best Month To Sell A House Depends On Your Area
Although March through May is generally the best time to sell a house in the United States, not every area is the same. For example, hot climates like Florida perform unusually well in the winter.
What’s The Worst Month To Sell A House?
October is the worst month to sell your house because it marks the beginning of the holiday season.
By October, most of a year’s sales have already been made. So, you can expect slow sales and only a moderate median sale price when selling this month.
What Is The Best Day To List A House?
Thursday is the best day to list your house since this is when real estate agents schedule their weekend showings. Homes listed on Thursday sell faster on average than on any other day.
Friday is also a good choice as a second option.
Avoid listing your home on Sunday. Your house will likely remain on the market longer if you do.
Sunday is the worst day to list a home for sale because potential buyers are typically not actively searching for properties on this day. Homes listed on Sundays often get overlooked in favor of listings that went up earlier in the week, potentially delaying interest and showings until the following weekend.
How Long Does It Take To List A Home?
Listing your house can take anywhere from a couple of days to a couple of weeks. If you’re listing a single-family residential home, the process will be much faster than listing a luxury estate with a huge price point.
Most sellers need at least a month of research, planning, and preparatory work BEFORE listing their homes.
Once listed, homes in the United States take around 60 days to sell, on average.
How Do I Know If It’s The Right Time To Sell My House?
To determine whether you should sell your house, consider working with a real estate agent.
It’s important to note that the Las Vegas real estate market can be volatile due to its reliance on tourism and the gaming industry.
As such, it’s essential to conduct thorough due diligence and work with an experienced real estate agent to navigate the local Las Vegas real estate market successfully.
Is The Las Vegas Housing Market Strong?
In our view, the housing market in Las Vegas is strong. There is a lot to be optimistic about here. Las Vegas is a growing city, and as more people come here, the demand for housing will help home sellers.
For a look at how many people are moving to Las Vegas, check out the 2022 to 2060 population forecasts by the University of Nevada’s Center for Business and Economic Research.
The center states that Clark County will add a million new residents by 2060.
Why Are So Many People Moving To Las Vegas?
One reason Las Vegas’ population is growing so quickly is that movers are relocating from California at a rapid pace.
While the cost of living in California reaches a boiling point, particularly in cities like San Francisco and Los Angeles, tens of thousands of people are leaving the state each year.
Las Vegas, however, draws people from across the United States (and the world) for various reasons.
Contact The Real Estate Guy
Our highly experienced and passionate professionals are dedicated to your success. Over the years, company founder Aaron Taylor and the Real Estate Guy team have closed thousands of deals with a high satisfaction rate.
Call us or visit our Contact page to learn more.
