What are the best months to buy and sell a home in Arizona? The answer to this question may be quite different from other parts of the country based on the unique real estate market in Arizona. We see an influx of buyers and sellers in October when the summer heat begins to fade and when our population increases due to our many “snowbirds” coming back to town. When the weather cools off, people are ready to make a move!
What are the best months to buy and sell a home in Arizona? Well, that will certainly depend on if you are a buyer or a seller and what your goals and timelines look like. According to the data, October is a month that tends to favor buyers and May is a month that tends to favor sellers. March is also a peak month for our local real estate market. If you are a home seller looking to sell quickly, then consider listing in March or May. If you are a home buyer, then October (now) is the perfect time to start your house hunt and get moved into your new home before the holiday season. If you are ready to buy or sell, please don’t hesitate to reach out to us for help! We are here to educate you on the nature of our local real estate market and help you earn top dollar for your sale and negotiate an incredible deal on your purchase.
“Flexible buyers and sellers wondering how to best time their moves should take note of historical supply and demand trends during a year. In the last measurable 24 months in Metro Phoenix, March has seen both more homes go under contract and more new listings become available than any other month, making it an exciting time of year, for sure. But measuring supply and demand relative to each other, May is actually the month with the lowest seller per buyer ratio (aka new listings: accepted contracts), making that perhaps the easiest month to sell a home. And October has been the month with the highest seller per buyer ratio, favoring buyers. Interest rates are fabulous and so is the weather, so it’s a wonderful time of year for serious buyers to successfully make offers. Sellers may need a little extra patience this time of year or should consider price drops to attract buyers.”
-Beth Cheney Cox, United Brokers Group Market Analyst
Raw Data Source: ARMLS
We are full-time, experienced Realtors working in Queen Creek and the surrounding areas. With decades of East Valley real estate experience under our belts, we are here to answer any questions you may have. Please do not hesitate to reach out to April Anderson at 480.272.1977.
