When is the Best Time to Sell a Home? US Housing Market Updates

The best time to sell a home in the U.S. typically falls between late spring and early summer, particularly from April to June. During this period, favorable weather conditions and higher buyer activity lead to quicker sales and potentially higher prices.

The months of May and June are considered peak selling times, with sellers often netting thousands more during these months. Market conditions, such as low mortgage rates and high buyer demand, also play a crucial role in maximizing profits. The first week of April is ideal for those looking to sell quickly and at a premium.

Fall 2024 US Housing Market Updates

The latest housing market data shows that the median U.S. home price hit $426,900. That’s a new all-time high. And it’s up 4.1% versus a year ago. In short, the housing market might be in bad shape in terms of activity levels. But there’s still plenty of pent-up demand to support prices. The other key factor is supply. New-home construction in the U.S. plunged after the housing bust more than a decade ago. And it stayed at extreme lows for the better part of a decade.

Earlier this year, Realtor.com released a study on U.S. housing supply. It is estimated that our country faces a shortage of about 7.2 million homes. In other words, the supply-demand situation will support prices for years to come. The most likely scenario is a slow, steady thaw in the housing market over the next few years. In fact, we’re already seeing the early signs of this transition. As of the end of June, more than 1.3 million homes were listed for sale in the U.S. That’s up more than 23% versus a year ago.

Housing Market Conditions in Asheville

The Asheville housing market remains competitive in 2024, driven by a steady rise in home prices and limited inventory. The average home price in Asheville was around $500K, reflecting a 15.6% increase from previous months. Low inventory continues to be a key challenge, especially in Buncombe County, where demand exceeds supply across all price ranges.

Despite rising interest rates and concerns about affordability, the market has shown resilience, with moderate price increases and a growing selection of listings available for buyers. However, the high percentage of cost-burdened renters, where 46.1% spend over 30% of their income on housing, highlights the affordability challenges facing the region. You can certainly rely on Carey Moving & Storage, the best Asheville movers, to make your move easier when selling your home.

Housing Market Conditions in Knoxville

The Knoxville housing market in 2024 remains somewhat competitive, with an average home price of around $322K, reflecting a 5.1% increase over the previous year. Despite this steady price rise, the market is showing signs of stabilization, with growth occurring at a slower pace than in previous years. Inventory remains tight, contributing to sustained demand and pricing pressures.

Buyers and sellers alike are navigating a shifting market, where affordability remains a concern, yet the competitive landscape offers opportunities for sellers to achieve favorable prices. With moderate competition and fluctuating inventory, Knoxville’s real estate market offers a dynamic environment for potential buyers looking for value in a growing market.

Best Conditions to Sell a Home in the US

• Timing Matters: Spring and early summer, particularly from April through June, are often the best times to sell a home. This period sees increased buyer interest, largely driven by better weather and the end of the school year, making families more likely to move. In 2024, the optimal time to sell is predicted to be mid-April, with April 14-20 offering the highest potential for better sales outcomes.
• Balanced Market Conditions: A balanced housing market, where inventory levels are neither too low nor too high, offers the ideal selling conditions. If too many homes are on the market, prices can stagnate, while too few listings create competitive bidding wars. As the market stabilizes in 2024, this balance provides a favorable time for sellers to list their homes without overwhelming competition.
• High Demand and Low Inventory: While inventory is expected to increase later in 2024, the current lower supply benefits sellers. Fewer homes on the market mean buyers have limited choices, giving sellers the upper hand in pricing and negotiating favorable terms. Sellers should capitalize on these conditions to maximize profits before inventory rises.
• Interest Rates and Mortgage Environment: When interest rates are relatively low, it attracts more buyers to the market since they can secure affordable mortgages. If mortgage rates rise, it could shrink the pool of potential buyers, reducing demand and prices. Monitoring rate trends in 2024 can help sellers determine the best time to list their properties.
• Curb Appeal and Market-Ready Homes: Homes that are well-maintained, with strong curb appeal, are more likely to attract buyers and command higher offers. A clean, move-in-ready home gives sellers the best chance of quick sales, especially during high-demand seasons.
• Price Sensitivity and Realistic Expectations Sellers should set realistic pricing expectations. Buyers in 2024 may be less inclined to pay over-asking prices, so accurately pricing your home from the start is key. Overpricing can deter buyers, lengthen the sales process, and lead to price reductions later.

Carey Moving & Storage: Trusted Knoxville Movers

Carey Moving & Storage is one of the full-service moving companies in Knoxville and moving companies in Asheville with over 100 years of experience in providing high-quality relocation services. With a team of more than 175 dedicated professionals, Carey offers comprehensive solutions for residential, corporate, and long-distance moves, including packing, hauling, and storage services. Our commitment to customer satisfaction has made them a trusted partner for families and businesses alike, ensuring smooth and stress-free relocations across the globe.

Selling Your Home? Let Us Handle the Move!

Selling your home is a big step, and Carey Moving & Storage is here to make your transition easier. With decades of experience, we offer reliable moving services to help you focus on the sale while we handle the logistics of your move. Our professional team ensures your belongings are packed and transported safely to your new destination, giving you peace of mind during this crucial time.

Ready to get started? Contact Carey Moving & Storage today for a free quote and let us take care of your moving needs so you can focus on closing the deal!