Timing Matters: Why is February the best month to sell?

According to new information, February has been listed as the best month to sell a property in the UK, with homes listed in the month typically finding a buyer the quickest.

In the year so far, the number of people contacting Dawsons about their move is 14% higher than last year, a significant increase. The recent report from BriefYourMarket reported the number of buyers contacting agents about homes for sale is 8% higher than last year and the number of new properties being listed by sellers is 11% higher as activity picks up.*

February is the best month to list a home on average, with homes listed during the month typically finding a buyer the quickest, as well as being most likely to be marked sold subject to contract, according to analysis by a property website.**

On average, homes listed in February have taken 51 days to find a buyer – just ahead of an average of 52 days for homes listed in March, according to one of the largest property portals in the UK.

Around two-thirds (66.4%) of homes listed in February have gone on to find a buyer, again just pipping March at 66.3%.

For those who are able to be a bit more flexible about when they decide to sell, the data shows typically the start of the year has been particularly strong.

Joanne Summerfield-Talbot, property expert and Director of Sales at Dawsons says: “We can’t always predict or plan when a home move is needed, only our clients can decide the time that’s right for them. However, for those who are able to be a little more flexible about when they decide to sell, majority of data shows typically February has been particularly strong. This is reinforced by what we are seeing at Dawsons – which is a clear strong start to 2024 for buyers and sellers alike”.

Selling a house is a significant undertaking, and timing can play a crucial role in the success of your property transaction. While there isn't a one-size-fits-all answer to the question of when is the best time to sell a house, several factors can guide you in making an informed decision.

1. Seasonal Considerations:
Spring and Summer:
Traditionally, spring and early summer are considered prime seasons for selling a house. As the weather improves, gardens flourish, and daylight extends, properties tend to look more appealing. Buyers are often more motivated to explore homes during these months, making it an opportune time to showcase your property.

Autumn:
The fall season can also be favorable for selling. The weather remains relatively mild, and buyers who missed out on summer opportunities may still be actively searching. Additionally, the changing colours of autumn can add a charming touch to your property's curb appeal.

2. Post-Winter Surge:
Coming out of the winter months, there tends to be an upswing in market activity. As people emerge from the colder season, they may be more inclined to make decisions about moving. Sellers might find a motivated pool of buyers during this period.

3. Local Market Dynamics:
Markets can vary significantly from one location to another. It's essential to consider regional trends, economic conditions, and local factors that may influence the demand for housing. We would always recommend consulting with local estate agents with strong area presence to gain insights into the specific dynamics of your area.

4. Economic Factors:
Pay attention to broader economic factors that can impact the housing market. Changes in interest rates, government policies, and overall economic conditions can influence buyer behaviour. Being aware of these factors can help you make strategic decisions about when to list your property.

5. Personal Circumstances:
Consider your own situation when deciding on the timing of your property sale. Job changes, family needs, or financial considerations may play a role in determining the best time for you to sell.

6. Avoiding Holiday Lulls:
It's generally advisable to avoid listing your property during major holidays. During these times, potential buyers may be preoccupied with festivities, travel, or other commitments, leading to a slower market.

In conclusion, while spring and summer are often touted as peak seasons for selling, the best time to sell your house ultimately depends on a combination of factors. Analyse the local market, be aware of economic conditions, and factor in your personal circumstances. Timing your sale strategically can increase your chances of attracting motivated buyers and achieving a successful and timely transaction.

Here at Dawsons, we take immense pride in being a multi award-winning, reputable, and respected agency with a long-standing history and affiliation within Swansea and our local communities. Our sales and lettings teams provide unrivalled knowledge of the local property scene and our market intelligence is second to none to ensure you receive up to the minute advice on buying and selling in Swansea and Llanelli.

If you would like any further information or no obligation advice, contact Cat Sollis (Senior Digital Operations Manager) for further information on 01792 362031 or email cat.sollis@dawsonsproperty.co.uk.

* February revealed as the best month to sell in the UK- Brief Your Market

** https://www.rightmove.co.uk/news/articles/property-news/best-time-to-sell-feb/