The process of selling a house can be unbelievably challenging and time-consuming. This is especially true for people who are doing it for the first time. Are you planning to sell your home in San Antonio? If you are, you need to know the best time to list your home.
San Antonio’s Real Estate Market
Fortunately, you are in luck because statistics from across the country show a surprising surge in San Antonio’s housing market. It is a great time to be selling real estate property in this vibrant city. You should probably prepare for a flood of interested buyers coming into your home, opening cabinets and closets, and poking around.
If most of the latest housing figures are any indication, home sales and prices in San Antonio continue to soar. This marks another year of unprecedented year-over-year growth. In April 2021, for example, more than 3,400 homes changed ownership, compared to about 2,735 homes sold in the same month of the previous year.
Prices are also on the rise, which is great news if you are planning to sell your home. In April 2021, the average home price increased by 22 percent year-over-year. The median home price also shot up by 15 percent over the same period. These increases in home prices represent a noteworthy month-over-month increase.
If you are planning to sell your home in San Antonio, it is important to know that homes are spending less time on the market. Just a year ago, homes spent an average of 61 days on the market, compared to only 36 days today.
Best Time to List Your Home in San Antonio
It seems like San Antonio’s lack of a real winter season is having a ripple effect that is currently extending beyond agriculture. According to many real estate professionals in the region, spring is the ideal time to put your home on the market. Statistics show that homes hitting the San Antonio housing market at the end of May tend to fetch more money.
When the calendar hits August, however, the numbers tend to start falling. Maybe the scorching heat of summer in Texas is as bad as too much snow and ice in the winter. If you are planning to sell your San Antonio home from September through January, you need to prepare for a sizeable reduction in the money you will receive.
How to Get the Most Attention on Your Listing
If you want your listing to get more attention when it first debuts, consider taking it to live on a Saturday or Sunday. If you choose to take it to live on a Tuesday, for example, you should expect a significant decrease in views.
You also need to understand that buyer interest in San Antonio tends to fade quickly. Interest in new listings can fall after just seven days. In the first week, home sellers in San Antonio are about 41 percent likely to sell above or at the list price. By the third month, however, the number drops to around 14 percent.
To learn more about whether it is the right time to sell your home in San Antonio, visit Texas Roadrunner Realty at our office in San Antonio, Texas. You can also call 210-598-7600 to book an appointment today.