A lot goes into selling your house- repairs, renovations, cleaning, declutter, staging, and then figuring out a selling strategy and competitive listing price. But as much as you try to sell your house fast in Kentucky, if the time of year isn’t right, you may have a hard time finding a buyer.
Every market is different; sometimes, the best time to sell is in the spring or early fall; for others, summer is the best time to find a buyer. So before you put that ‘For Sale’ sign in the front yard, you may want to consider some factors like the best time of year to sell and the worst, that way, you’re doing everything you can to make your home sale a success.
When Is The Best Time To Sell Your Louisville House
Factors To Consider When Selling Your House in Louisville
Before you sell your Kentucky property, you’ll want to do some market research for your area. You’ll want to research the best time of year to sell but also you’ll want to see if any new employment opportunities are coming to the area.
For example, let’s say Amazon decided to build a new distribution center in Louisville and plans to open in the fall and provide the area with 3,000 new jobs. Your chances of selling your house in the early fall would be a lot higher because more people will be shopping for housing.
However, most people can’t wait for an opportunity like this to sell their houses. Instead, looking at concrete housing market data will help determine the best time for you to sell your home.
The Best Times of the Year to Sell Your House in Louisville
Seasons matter when selling a house in Louisville. More people are looking to buy in the spring and summer months vs. fall and winter. Usually, the end of the school year and warmer weather brings prospective buyers out to shop for a new house. But that doesn’t mean you won’t get a random buyer that’s looking to relocate to the area during the down seasons.
Sometimes selling in the fall and winter can be a success; usually, the housing market is limited since people typically buy and sell in the spring and summer. So there may be less competition, and you may be able to get your asking price since buyers are limited on options.
However, the opposite could happen too, your pool of potential buyers is a lot smaller, and that may cause your house to sit on the market for a while, ultimately resulting in you dropping the price to sell quickly.
Although, if you want to increase your chances of selling, then selling during the summer in Louisville would be best for speed and price.
→ Thinking about Selling Your House By Owner? Click Here to Learn How!
Selling Your House in Louisville in the Summer
Summer is the ideal time to sell your house in Louisville. Kids are out of school; more people are out and about, ultimately making it the peak moving season. According to MovingLabor.com, 80% of all moves in the United States occur between April and September. So summertime is the ideal time to sell in Kentucky.
The Worst Times of the Year to Sell Your House
Honestly, the worst time of year is subjective. It really depends on your specific goals and circumstances. If you’re like most sellers — i.e., your top priorities are selling high and fast- then yes, selling in the fall or winter wouldn’t be best.
However, in the fall, real estate activity typically starts to taper, but the level of competition among sellers drops off as well. And although winter is the slowest time of year for the Louisville market, off-season buyers also tend to be more qualified and serious to buy.
So if you’re selling your house in Louisville to avoid foreclosure, then yes, the worst time of year would be fall and winter. But if you’re not in a rush and missed the spring or summer selling season, it doesn’t hurt to try selling in the fall or winter.
Selling Your House in Louisville in the Winter
Why is the winter season the worst time to sell in Louisville? It’s cold, weather conditions are unpredictable, school is in session, and the holidays are right around the corner. That would make anyone want to stay put. But like we mentioned before, you may come across more serious buyers that are qualified to purchase your house and want to close quickly. So is winter really the worst time of year to sell a home? We’ll leave that for you to decide.
Best Month to Sell Your House in Louisville
Now that you know when the best season would be for you to sell your house, it would be helpful to know when the best months would be to sell your home. Ideally, you should list your Kentucky house in May in preparation for summer.
The best month to sell in Kentucky is in June, and chances are you can sell nine days faster than average. So having your house ready and listed in May, you’ll have a better chance of selling in June.
However, each city is different. The best time to sell in Louisville is actually July, so you’ll want to have everything ready to list in June to sell in July, hopefully.
But you may be wondering what the average days on market are during these months? Here are the average numbers of days it takes to receive an offer on your Kentucky home.
- May- 32 days*
- June- 29 days*
- July- 32 days*
- August- 36 days*
- September- 34 days*
*These numbers do not include the average closing period of 30-60 days.
Worst Month to Sell Your House in Louisville
Since you’ll probably want to avoid the fall and winter months, you’ll need to know when the worst months of the year to sell your house in Louisville would be. Ideally, it would be best if you avoided the winter months of January through March.
If you need to sell your home fast and fall/winter are fast approaching, try to sell during October- December.
For reference, here are the average number of days it takes to receive an offer on your Kentucky home during the fall and winter months.
- October- 31 days*
- November- 33 days*
- December- 37 days*
- January- 55 days*
- February- 54 days*
- March- 50 days*
*Don’t forget these numbers do not include the average closing period of 30-60 days.
As much as you try to plan and prepare, sometimes the timing just doesn’t match up, and you may find yourself needing to sell during the worst time of year. Or maybe you need to sell ASAP because you’re facing financial difficulties, getting behind on your mortgage, approaching foreclosure or bankruptcy. Even if it was in June or July- selling the traditional way would still take 60-90 days for you to sell your house.
If you need to move and just don’t want to deal with the hassle of selling during the best time of year or worst, consider selling to a local home buyer. We buy houses in Louisville Kentucky and can help you sell your house fast without the stress of listing.
Homebuyers purchase houses all year long; They will buy your house in the dead of winter or the heat of the summer. One home buyer that purchases houses throughout the year in Louisville is Time Worthy Property Solutions.
Time Worthy Property Solutions is a cash home buyer, which means they don’t use bank financing to purchase your home but rather private money. Since they have the cash on hand, they can make you an offer for your house within 24-hours and close within 7 days- which makes their home buying process super easy. They don’t have to wait on the loan approval, inspections, or financing, which is common with traditional mortgages.
And since you’re able to sell so quickly, repairs and renovations are not necessary. Time Worthy Property Solutions will buy your house as-is. So don’t worry about fixing that leaky roof, replacing rotting wood, or addressing that crack in the foundation. You don’t even need to clean, declutter or stage your house.
Furthermore, since you would be working directly with Time Worthy Property Solutions, realtors don’t need to be involved because you wouldn’t need to list your house. Since you’re selling your home directly to them, they don’t charge realtor commissions or service fees. They will even help cover closing costs. That alone is a savings of several thousand dollars.
So if you’re struggling to figure out when you should sell your house and timing it just right to have it ready to sell- consider selling to Time Worthy Property Solutions instead, hassle-free.