Not surprisingly, quite a few people assume that Spring is the best time to sell in Melbourne. After all, there are plenty of references to Spring being the ‘peak season’ for real estate in this part of the country. However, this theory is widely misunderstood.
For example, whilst people often refer to the Spring weather as a time that is best suited to house-hunting, it’s worth remembering that September and October are actually the wettest two months of the year in Melbourne…no, not in Winter.
Another fact that many people don’t realise is that a ten-year study conducted by Corelogic a few years ago showed that whilst Spring is the season that has the highest average number of properties hitting the market, the season when the highest average number of sales are made is actually Autumn.
What’s more, (and this is probably the most important statistic of the lot), the difference between the season with the highest number of sales, (Autumn), and the season with the lowest number of sales, (Summer), is actually pretty marginal. In fact, if you’ve been following our results, you’ll know that this Summer has been a particularly good one for property sellers.
What does this mean for local homeowners considering selling in 2021? Simple…the best time for you to sell is the time that suits you, your family and your individual plans the best!
Having said that, it’s worth keeping in mind that the coming Autumn, (yes, it’s only a few weeks away now), looks like being a really good one for sellers. As I’m sure you’ve read, buyer demand is extremely strong right now, interest rates are at record lows and there’s some terrific Government incentives out there for buyers in general, and first home buyers in particular.
So, if you are weighing up whether now is the time to act, and you’d like some obligation-free advice on how to make the most of the current market conditions, feel free to give us a call at Barry Plant Thomastown this week on 9466 3233.
Barry Plant Thomastown