A common question always asked is ‘when is the best time to put my house on the market?’ Which is a very valid question when contemplating when to take that leap in your property journey and put your biggest life investment up for sale.
However, with endless expert advice collated from detailed analysis of both company and platform data, from sites such as Rightmove, the answer to this question is never far away. Over the twelve months of each year, it is proven that Spring is considered the best time to market your property in the UK.
The reasons why spring is the best time to sell your property are ceaseless, and understanding these factors can help you to get the most out of your property sale.
In terms of Spring 2023, despite the uneasy past few months, demand is increasing. Mortgage approvals are up 8% month on month, in relation to new mortgage approvals pre-covid. New instructions and sales agreed have also risen more sharply, according to TwentyCi. The supply of homes on the market surged to 25% above the pre-Covid average in March. New sales agreed have also recovered, and are now back in line with the pre-Covid level for the month alongside demand continuing to recover as mortgage interest rates fall, indicating positive times are ahead.
However in terms of factors for Spring being the most successful time to market your property, the reasons are as follows. Firstly, the weather plays a crucial role. During the winter months, we often see a decrease in house sales which can likely correlate to the dark and shorter days, alongside the weather which isn’t too inviting for property viewings. Therefore with Spring being sprung, the weather becomes more favourable, with longer days and milder temperatures, making it easier for buyers to view properties and for sellers to showcase their homes to their full potential.
The school calendar also plays a significant role. Many families with children prefer to move during the summer months to avoid disrupting their children's education. By listing your home in the spring, you can take advantage of this early season surge alongside bank holidays for sunny viewings, giving yourself plenty of time to complete the sale and move before the start of the new school year. The summer months can also be incredibly saturated for the property market, therefore getting ahead of the game in the spring months can see you achieve your sale in a much shorter window.
Finally, during the spring season, the housing market experiences a boost in activity due to a renewed sense of optimism and energy. With the arrival of spring, people are naturally more motivated to make a change and look for a new home. Spring is a time of renewal, and for many, this means starting fresh, so why not take your leap?
If you are looking to put your roots down this spring, please contact the Oakheart team today on 01206 803308. We’re here for you.