April is the BEST month to list your Boston condo for sale
Boston condo for sale Spring market is here. Inventory of Boston condos for sale is increasing, buyers are out in force, and interest rates have remained low. All of this is peaking the interest of buyers and sellers previously on the fence about making a move.
New research from realtor.com shows that the first week of April is actually the best time to list your Boston condo for sale! The report used “trends in median listing prices, views per property on realtor.com, home price drops, median days on market. Along with the number of listings on the market over the last three years, to determine a ranking for every week of the year.
Listing your Boston Seaport condo in the first week of April contributes 14x more property views, 5% less competition from other home sellers, and results in the home being sold 6 days faster!
More evidence that April is the Best month to sell you Boston condo
Below is a graph indicating the average score for each month of the year.
It should come as no surprise that April and May dominate as the top months to sell. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream Boston condo, often leading to bidding wars.
However, there is one caveat worth mentioning. When broken down by metro, realtor.com noticed that while warmer climates share an overall trend, they have different top sales months. The best month to get the most exposure in Miami, FL, for instance, is August, while in Phoenix, AZ, June leads the charge.
If you’re thinking of selling your Boston Seaport condo this year, the time to list is NOW! According to the National Association of Realtors, 41% of homes sold last month were on the market for less than 30 days! If you list now, you’ll have a really good chance to sell in April or May, setting yourself up for the most exposure!
Let’s get together to discuss the Boston condo market conditions in our area to get you the most exposure to the buyers ready and willing to make a move!
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