What is the slowest month to sell a New Jersey house? Statistically and historically, February is the slowest month to sell a house in terms of speed and obtaining the highest price. Not every seller can afford to choose when they want to sell. But if you’re able to decide on your timeline, it’s important to know what months to avoid listing your home.
In this post, our experts at Your Home Sold Guaranteed Realty - Nancy Kowalik Group will discuss the slowest months to sell your house and give some insights into the New Jersey housing market. We’ll also share seven tips to help you have a successful sale if you have no choice but to sell during slower months.
Key Takeaways
- Nationwide, November through January are the slowest months to sell a house, on average. Of course, there is individual variation depending on your specific location. In New Jersey, February is historically the slowest month to sell a house in terms of speed and obtaining the highest price.
- In New Jersey more broadly, the median sale price in recent months was $484,500. This is a 14.3% increase compared to the same period last year.
- Making sure you don’t overprice your home is crucial in a slow market. Work with a professional realtor to research recent sales in your area.
What is the Slowest Month to Sell a House?
Nationwide, November through January are the slowest months to sell a house, on average. Of course, there is individual variation depending on your specific location.
These months tend to be slower than the spring and summer largely because of the holidays. Many buyers are preoccupied with travel plans and holiday activities and as a result, don’t have the time to devote to house hunting and viewing open houses.
In addition, the winter months are a difficult time for many buyers to move because it’s in the middle of the school year. Many schools start their years in August or September, so moving in winter disrupts a child’s learning schedule.
Lastly, the colder weather and shorter daylight hours that come with winter make it harder for buyers to attend showings and open houses.
What is the New Jersey Housing Market Like?
In New Jersey more broadly, the median sale price in recent months was $484,500. This is a 14.3% increase compared to the same period last year. Homes spend a median of 46 days on the market before selling, which is a decrease of 15 days compared to last year.
In addition, 46.8% of homes sell above their listing price, while 12.9% experience a price drop after being listed. The average sale-to-list price ratio in the state is 100.9%.
How Can You Sell Your House in a Slow Month? – 7 Tips
- Price Accurately: Making sure you don’t overprice your home is crucial in a slow market. Work with a professional realtor to research recent sales in your area and set a realistic price based on the data.
- Maintain Property Condition: Winter weather brings snow, ice, and storms that can be damaging to your property. You’ll need to make sure your property is in good condition the entire time it’s listed on the market.
- Create a Positive First Impression: Curb appeal and interior design are important for attracting buyer interest. Consider investing in simple upgrades or renovations in key rooms, and reach out to a home stager to maximize the space and lighting of your home.
- Highlight Cold Weather Features: If you’re selling in the winter, highlight the cold weather features of your home, such as fireplaces, heated floors, storm-proof roofing, energy-efficient heating systems, smart home technology, and updated insulation.
- Use Virtual Tours: Make sure your online listing includes videos and virtual tours so buyers can view your property online without needing to travel.
- Work Around Buyers’ Schedules: Accommodate buyers’ schedules when it comes to showings and open houses. Otherwise, buyers may move on to other options that are more easily accessible.
- Include Incentives in Your Listing: If you’re open to offering incentives, include them in your listing. This could include closing costs, providing a home warranty, or including certain furnishings or appliances in the sale.
We Can Sell Your New Jersey House in a Slow Market
If you want to sell your New Jersey house in a slow market, the key to success is an experienced realtor. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, Nancy Kowalik and our team have years of experience helping homeowners just like you sell their homes fast and for top dollar.
In fact, we sell homes 70% faster and for 10.29% more compared to other New Jersey realtors. In addition, we offer a unique Guaranteed Sale Program that ensures your home sells fast and for top dollar, no matter what.
To learn more about why our award-winning team has been ranked as the top realtor in South Jersey, contact us at (856) 478-6562 today!
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!