Home | Newsletter | Advertise
loading...

Will Summer Be A Better Time To Sell Your Home This Year?

  • March 8th 2024

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

4410 Brookfield Dr (1).jpg
A Kensington home listed last June.

Traditionally, spring has been considered the best season to sell a home. However, a new analysis indicates that with interest rate fluctuations, that timing could be changing.

A Zillow analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more than those listed in the month before. 

"The best time to list consistently had been early May in the years leading up to the pandemic," Zillow reported. "The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later."

In the DC region, home sellers may want to wait even a bit longer, based on the direction of rates. The Zillow report found that homes listed in the second half of June sold for 2.2% or $12,000 more than those listed in the spring. 

Photo Courtesy Carolyn Homes

This article originally published at https://dc.urbanturf.com/articles/blog/will_summer_be_a_better_time_to_sell_your_home_this_year/22047.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse