The spring (late March to June), generally regarded as the beginning of the housing shopping season, is the best time of the year to sell a home in Pittsburgh, Pennsylvania.
You stand a good chance of selling your home quickly and for the highest possible price during this time, usually within 30 days.
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According to The Mortgage Reports, which aids everyday consumers in making sense of the frequently complex world of real estate and mortgage finance, the majority of house sellers nationwide who sell their property in May sell it for 5.9% more money than any other month and 18.5 days faster. They add that these sellers can sell their homes for even more money in April or June.
In 2022, Pittsburgh house sellers made $13,638 more than the city's annual average home price in June, making it the most profitable month last year for home sales.
If you're curious, the winter is often seen as the worst time to sell a home. Houses in Pittsburgh tend to sell for less money and stay on the market for much longer during winter because fewer people are looking to buy.
Why Is Spring the Best Time to Sell a Home in Pittsburgh?
Spring is a terrific time to sell your Pittsburgh home for several reasons, including:
The Weather Is Ideal Homebuyers
With temperatures that aren't too hot or too cold, springtime weather is typically pleasant. As a result, buyers will be more likely to show up for open houses and viewings and will be able to see your home in its best light.
In contrast, buyers may find it challenging to move around in the winter to view properties, and most people choose to postpone moving house at this time of year. Meanwhile, the summer heat may be overwhelming.
The Housing Market Is Very Active
As the weather warms up, many people eager to purchase or sell a home return to the market, making spring a busy season for the Pittsburgh housing market. This is the time of year when there are often the most houses listed for sale and the largest pool of home buyers.
This means that there will be more potential buyers for your property, which can lead to a quicker sale and potentially higher offers if several buyers engage in a bidding war for it, raising the price.
While the Pittsburgh real estate market slows down in the winter because people are more preoccupied with the holidays, it may not be the worst time for you to sell your house.
Although fewer buyers are in the market at that time, those actively searching for a home are likely to be serious buyers and frequently need to move in right away. This makes it unlikely that they'll give lowball offers and more likely they'll want to close soon, which can help your home sale go much more smoothly.
As fewer houses are listed in the winter than in the spring, you also have less seller competition and are far more likely to stand out.
Trees, plants, and flowers blossom in the spring, creating a lovely landscape that can raise your home's curb appeal and make it stand out in a crowded market. Not only will a more appealing curb help you draw in more potential buyers, but it may also increase your home's value by up to 20%.
Many Families Are Searching for Homes
Families with school-age children often prefer to move during the summer when school is out, which means they frequently start looking for homes in the spring. This creates a surge in demand for homes during the springtime, which can benefit you as a seller by again enlarging the pool of potential purchasers for your home.
If your house is located in a good school district, this can be a huge selling point for you, which can speed up the selling process.
The season is only one of the factors that determines the best time to sell a house in Pittsburgh. Two other significant elements that influence the best time to sell your Pittsburgh home are:
You can make well-informed decisions about when to offer your property for sale by being aware of the current trends in the Pittsburgh real estate market.
It might not be the best time to sell, for example, if there is a buyer's market because there will likely be lots of competition from other sellers, and home buyers may be able to negotiate lower prices. However, if the market is in a seller's market, it can be the ideal time to sell because there are probably fewer houses on the market, and buyers might be more ready to offer more money.
Research recent home sales data, including the average sales price, the number of homes sold, and the average time it takes for a home to sell, to establish current housing trends in your area.
When deciding when to sell a house in Pittsburgh, considering the state of the economy is very important.
A strong economy generally leads to more job openings, higher incomes, and greater consumer confidence, all of which can boost the number of home sales.
In contrast, a weak economy can lead to a decrease in home sales because people are less willing to make large purchases, and mortgage lenders may limit lending as a consequence of a rise in job losses, keeping millions of Americans out of the real estate market.
To understand the state of the economy and how it affects the real estate market, keep an eye on the local and national economic indicators.
Which Is the Best Day of the Week to List a House in Pittsburgh?
The day you list your property could also help maximize your home's sale price and attract a buyer more quickly.
Many real estate agents will advise that Thursdays are the best day to begin advertising your home because most house buyers view listings on the weekend and they begin planning for this on Thursday. You can also have open houses on Saturday and Sunday when these prospective home buyers are most likely out looking at homes if you list on Thursday.
The worst day to list your house is Sundays because, according to data, homes listed on Sundays take longer to find a buyer and stay on the market for eight more days than homes posted on Thursdays.
HomeBuyers of Pittsburgh: The #1 Professional Home Buyer
Contact HomeBuyers of Pittsburgh if you want to sell your home without worrying about when the best time is to put it on the market or if you want to avoid the stress of a conventional home sale.
You can get in touch at any time of the year, and we will make you a competitive offer for your home as-is within hours, and if you accept our offer, we can close the sale in less than a month, guaranteeing you a quick and stress-free home sale.
Call us today at 412-444-8914 or email us at info [at] urbanpgh.com, and we'll be pleased to explain why selling your home to HomeBuyers of Pittsburgh is a wise move.