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Navigating the Summer Housing Market: What You Need to Know

Want to sell your home this year and worried that you missed the Spring market? Don’t worry at all! While the summer market in many areas has lower overall real estate activity as compared to Spring, hiring an experienced real estate agent means you won’t notice the difference.

The summer real estate season typically refers to the period between Memorial Day and Labor Day. In any real estate market, preparation and pricing are key. To help you feel confident about listing your home this summer, these are the top things you should know:

  1. Increased Buyer Demand: The summer months typically see a surge in home buying activity, as families with school-age children look to move before the start of the new school year.
  2. Favorable Weather Conditions: Better weather means more people are willing to go out and view properties. This makes it easier to schedule showings and open houses, resulting in higher foot traffic.
  3. Longer Days: With more daylight hours, buyers have more time to view homes after work, making it more convenient to schedule showings.
  4. Landscaping: Homes generally look their best during the summer months, as lawns are green, gardens are in full bloom, and landscaping is at its peak. This can help to attract potential buyers.
  5. Competitive Market: With plenty of homes on the market during the summer, there’s still competition among sellers. With a smart initial list price, competition can drive up the price further and make it easier to sell a home quickly.
  6. Vacation Time: People tend to take more time off during the summer, which can allow for more flexibility in scheduling showings and open houses.
  7. School Schedules: Buyers with school-aged children often want to move during the summer months so their children can start the new school year in their new home.
  8. Relocation: Summer is often a popular time for job transfers and relocations, which can lead to increased demand for homes in certain areas.
  9. Tax Refunds: Many people receive their tax refunds during the spring and summer months, which can provide additional funds for a down payment or home purchase.
  10. Seasonal Mood: People tend to be in a better mood during the summer months, which can make them more inclined to make a major purchase like a new home.

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