When is the best time to list my house for sale?
This is a question I get asked fairly often. As you might expect, the real estate market in the Cedar Rapids area is very cyclical. This is partly due to the weather, but also timed to the school break.
The following chart is a glimpse of the past two years of market data (Sept 2013-Sept 2015). The green line represents total new residential listings, the blue line represents total residential sales, and the red line represents total sales of condos and zero lot line homes.
The two months that generally see the most new listings are April and May. The two months that have the highest number of sales are June and July. Conversely, the two lowest month for sales are January and February (the coldest months). Roughly 3 times as many sales occur in the peak months as in the lowest months!
The trend says list in the spring, sell in the summer!