Is Now a Good Time to Sell a House in Florida?
According to recent market trends, the state’s housing market is strong and active, with high demand for properties and low inventory.
Competitive bidding can result in higher sale prices for sellers. Mortgage rates are up but based on historic rates are still considered to be low, making buying a home more appealing and driving up a home’s worth.
It’s important to note that the best time to sell a house can depend on specific factors such as location and property. It’s always a good idea to consult with an expert in this industry for a more accurate assessment of the current market conditions and how they may impact the sale of your particular property.
Worst Time to Sell a House in Florida
When it comes to selling a house in Florida, timing is everything. According to data from Zillow, the worst time to sell a home in Florida is during the month of December.
Historic numbers show that homes listed for sale in December typically sell for less than those listed in other months. In 2020, the median sale price for homes sold in December was $250,000, which was 3.5% lower than the median sale price for homes sold in November ($259,000).
In 2019, the median sale price for homes sold in December was $255,000, which was 4.5% lower than the median sale price for homes sold in November ($267,000).
| Month | Median Sale Price | % Change from the previous month |
|---|---|---|
|
November |
$259,000 |
0% |
|
December |
$250,000 |
-3.5% |
The Best Time of Year to Sell a House In Florida
Selling a home in Florida depends on several factors, including the time of year. However, data from Zillow suggests that the spring and summer months are generally the best time to sell a house in the state.
Historic numbers show that homes listed for sale in Florida during the spring and summer tend to sell for more than those listed in other seasons. In 2020, the median sale price for homes sold in May was $270,000, which was 5.8% higher than the median sale price for homes sold in December ($255,000).
In 2019, the median sale price for homes sold in June was $265,000, which was 3.7% higher than the median sale price for homes sold in December ($255,000).
| Month | Median Sale Price | % Change from the previous month |
|---|---|---|
|
May |
$270,000 |
5.8% |
|
June |
$265,000 |
3.7% |
|
December |
$255,000 |
|
The best month to sell a house in FL
There is no one-size-fits-all answer when deciding the best month to sell a house in Florida. According to recent figures from Zillow, the median listing price for a home in Florida was $299,000 in April 2021.
Over the past 12 months, home prices in the state have been rising steadily, reaching a peak of $309,000 in August 2020. The median sales price for a home in Florida was $250,000 in April 2021, up nearly 10% from the same month last year.
In the summer months of July and August, the median listing price for a home in Florida was $309,000 and $307,000, respectively. During these months, the average DOM was 41 days and 40 days, respectively.
This suggests that the summer months may be a better time to list a home for sale in Florida, as sellers may be able to fetch a higher price with a shorter DOM.
To compare, the median listing price for a home in Florida was $291,000 in January 2021, with an average DOM of 52 days. While the lower listing price may be attractive to some buyers, the longer DOM may make the winter months a less attractive option for sellers.
| Month | Median Listing Price | Avg. DOM |
|---|---|---|
|
January 2021 |
$291,000 |
52 Days |
|
April 2021 |
$299,000 |
39 Days |
|
July 2020 |
$309,000 |
41 Days |
|
August 2020 |
$307,000 |
40 Days |
The worst month to sell a house in FL
It is highly dependent on the local market when selling a house in Florida. That being said, the worst month to sell a home in Florida is typically June.
Historically, June has seen the lowest home prices in the Sunshine State. According to data from Zillow, the median home price in Florida for June 2020 was $290,000, the lowest median home price of any other month that year.
Additionally, the number of homes sold in June 2020 was the weakest of any other month in 2020, with just 2,831 homes sold. Here’s a comparison of the median home prices and the number of homes sold in June, July, and August 2020:
| Month | Median Home Price | Homes Sold |
|---|---|---|
|
June |
$290,000 |
2,831 |
|
July |
$304,000 |
3,395 |
|
August |
$313,000 |
3,819 |
As you can see, June was the worst month to sell a house in Florida in 2020, with the lowest median home price and the least number of homes sold.
July and August both saw an improvement in median home prices and the number of homes sold, so it’s worth considering these months if you’re looking to list your house for sale.
Worst day of the week to list a house
While many people assume that the best day to list is on the weekend, the truth is that Sunday is the worst day of the week to list a house in Florida. Research has shown that Sunday is the slowest day for home sales in Florida and the worst day to list a house.
Data from the Florida Association of Realtors show that homes listed on Sunday sell for an average of 7.1% less than those listed on any other day of the week. Furthermore, homes listed on Sunday take an average of 13 days to sell than those listed on any other day.
The best day to list a house in Florida is Wednesday. Data from the Florida Association of Realtors show that homes listed on Wednesday sell for an average of 2.9% more than those listed on any other day of the week. Furthermore, homes listed on Wednesday take an average of 10 days less to sell than those listed on any other day.
| Day of Week | Avg. Sales Price | Avg. DOM |
|---|---|---|
|
Sunday |
-7.1% |
+13 Days |
|
Monday |
-0.4% |
+7 Days |
|
Tuesday |
+0.4% |
-4 Days |
|
Wednesday |
+2.9% |
-10 Days |
|
Thursday |
+0.2% |
-3 Days |
|
Friday |
-0.3% |
+3 Days |
|
Saturday |
-1.3% |
+6 Days |
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When Is the Best Time to Sell A House In Central Florida?
When selling a house in Central Florida, timing is critical to a successful sale. Historical data shows that the best time to sell a home in Central Florida is spring and summer.
In 2019, the highest sale price in Central Florida was achieved in May, when the median sale price reached $211,000. During the summer months of June, July, and August, the median sale price held at or above $200,000.
Data from the last five years shows that the median sale price in Central Florida tends to peak in mid-May, while the lowest median sale price of the year is typically seen in December.
How Long Does It Take to Close a House in Florida?
The best time to sell a house in Florida is during the spring when more buyers are looking to purchase. Generally, it can take anywhere from 30 to 90 days to close a home in Florida.
The amount of time it will take to complete a house will depend on the type of loan, the availability of resources, and the level of cooperation between all parties involved. Home buyers should plan to spend at least a month or two from when the offer has been accepted to closing.
How long should a house sit on the market?
The length of time a house sits on the market can vary greatly depending on its market, the condition of the house, and the asking price. Generally, the average time a home spends on the market is between 65 and 93 days. However, this number can be much higher or lower depending on the market.
For instance, in 2019, the median time for a house to stay on the market in the United States was just 34 days. This is down from the 2018 median of 63 days and the 2017 median of 67 days. When comparing different markets, it is essential to look at the median days on demand and absorption rate, which determines how long it will take to sell all available houses on the market in terms of sales.
Comparing the median days on demand and the absorption rate is a great way to get an idea of how long a house might sit in a particular area.
Expected average time to sell a house 2023
The average time it takes to sell a house in 2023 is expected to be lower than in recent years. In 2018 the average time to sell a home was 67 days, while in 2019, it dropped to 59 days.
This is an improvement of 8 days or 11.9%. This trend is expected to continue in 2023, with an estimated average time to sell a house of just 53 days. This would represent a further improvement of 6 days or 10.2% from 2019 and a total reduction of 14 days or 20.9% compared to 2018.
These figures demonstrate that buyers and sellers are becoming increasingly efficient in their transactions, a trend likely to continue into 2023.
Get the Advice of a Local Expert at Level One Investments
If you want to sell your house quickly, efficiently, and with no hassle, consider getting the advice of a local expert at Level One Investments in Florida. They are a professional real estate company helping homeowners get the most out of their property sales.
With their help, you can ensure you get the highest possible return on your investment. Plus, you don’t have to worry about the costs and time associated with a traditional sale.
Level One Investments can help you get the most out of your sale in the shortest amount of time. So, why wait? Get the advice of a local expert at Level One Investments in Florida today and get the most out of your house sale!
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Table of Contents
FAQ
Most frequent questions and answers
Why Is November a good month to sell your house?
Due to its ideal weather conditions, November is a great month to sell a house in Florida. Temperatures are mild and have low humidity, making it a great time to show a home. Additionally, the holiday season can be a great time to draw attention to your property, as potential buyers have more free time to shop around.
Why is spring the best time to sell a house?
Spring is considered the best time to sell a house in Florida due to the mild temperatures and long days. The sunshine and warm weather make it easier for potential buyers to view the property, and the longer days provide more time for showings. Additionally, the spring season is often seen as a time of renewal, making buyers more likely to act quickly on a property they are interested in.
