When and how to sell your property?
The seasonality of the real estate market is a concrete reality. Indeed, there are times in the year when real estate sales increase, and others where it decreases. However, it turns out that the period before the start of the school year is the ideal time to sell your property. More information : pastor-immobilier.mc . The return period shows every year a dynamism that contrasts sharply with the other quarters. Thus, between the 1st and 3rd quarter, we can see each year an increase in sales volume of about 15%.
Learn more about the real estate market
We have already seen that real estate is a cyclical market. Periods of falling and rising prices follow each other. Generally, these periods are very long, especially when compared to other financial cycles like the stock market. In addition to these cycles, we must also consider that real estate is a seasonal market. Depending on the month of the year, the volume of transactions and prices do not change in the same way.The sales law is signed on average 3 months after the signing of the contract for the sale of a luxury apartment. This means that the majority of transactions are concluded during the 2nd quarter (April to June). We must also note the effect of spring and the return of good weather after winter. This influences the mood of households and the desire to move forward in their projects. The previous quarter is also an important moment. In particular, the real estate fairs are born in March and the general press is a sensation in its magazines specializing in real estate. On the other hand, we can see that there are a lot fewer sales in the 4th and 1st quarter, which means that there are fewer compromises signed in the second half of the year.
Seasons and the price of real estate
Seasons affect real estate prices. Real estate transactions are numerous (and higher prices!) In the spring but the competition is tough. Autumn and summer are not very promising seasons in terms of real estate sales. In winter, houses with beautiful gardens are penalized. A property will be more likely to find a buyer at a time when demand will be strong.
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