Is winter a good time to sell?

It may be getting cold outside, but the winter property market is just warming up!

Year after year we get asked the same question by clients wanting to sell their property:

Is winter a good time to sell or should we wait for spring?

The answer: winter is a great time to sell.

Traditionally, the number of homes on the market decreases over the winter months, creating a huge opportunity for owners aiming to sell before the spring rush of properties for sale.

Fewer houses on the market means reduced choice for buyers, but there are still plenty of buyers around. We have found the level of buyer enquiry does not vary significantly based on the season. Whilst there are generally fewer transactions recorded during winter months, the prices tend to be a bit higher because of the increased competition.

Selling this winter may have an added benefit. With rate rises predicted to strike later this year, selling in the winter months may give owners a chance to beat the next rise. The past few rate rises have put dampers on buyer sentiment, so there is a definite advantage to getting your property on the market and sold as soon as possible.

I would be happy to discuss buying and selling in winter, and how it can affect your circumstances, please give me a call anytime.

Warm wishes,

Joshua Wygoda