In most parts of the country, the summertime is when the temperatures get hotter and people go outside to enjoy the warm weather. However, the temperature is not the only thing that goes up in the summer. Just as there are seasons of the year, there are real estate seasons. Every year, the real estate market gets hotter in the summer. This is a phenomenon that remains true from year to year. It is important for both buyers and sellers to understand why the market gets hotter in the summer in order to take proper advantage of the season. Continue reading to learn more about real estate and why the real estate market gets hotter in the summer.
Reasons The Market Gets Hotter In The Summer
#1: It Is A Good Time To Move
One of the primary reasons why the market gets hotter in the summer is because that is the time when people find it the most convenient to move. Wintertime makes it difficult to move due to the cold weather and the potentially dangerous conditions. Driving a large moving van in the winter is certainly not ideal and trying to move boxes in and out of houses when there is snow and ice on the ground can be a hassle.
Another reason that the summertime is a good time to move is that families will have fewer commitments to figure out. Kids will be out of school, meaning that their school years will not be cut short and they will get a chance at a fresh start in the fall.
#2: There Is Greater Motivation To Move In The Summer
Another reason why more people are looking to get into the housing market during the summertime is that there is a greater incentive to find a house. Summer is right smack dab in the middle of the year, meaning that if buyers had a goal to move into a house by the end of the year, they have got to get a move on. If buyers missed out on buying a home in the spring, they will likely be looking for one in the summer. With the looming school year and the busy holiday season approaching, the motivation to move and get settled can be very real.
#3: Schedules Are Better
As previously mentioned, summertime is a good time to move because kids are out of school. However, summer also typically provides a better schedule for adults to move as well. Summer is the time when there is a more relaxed environment at work. This means that people are not trying to hit deadlines and will therefore have more time to take off work for moving or to look for a house.
#4: Agents Understand That The Summer Is Better
The last reason why the summer tends to be a crazy season for real estate is that agents understand the year-to-year trends. This means that they will be encouraging potential sellers to look to put their homes on the market. The same goes for sellers. If a seller has sold a home in the past, they will recognize that many people are looking to move in the summer, so if they are wanting to sell, they will wait until the summer to sell their house.
Take Advantage Of The Season To Sell Your Home
If you are looking to sell your home in the near future, then you may want to consider reaching out to us at Besst Realty. We are real estate experts and we can help you sell your home in a quick and easy process. If you have more questions about why the market gets hotter in the summer or are wanting to learn more about Utah’s real estate market, we are here to help. For all your home buying and selling needs, reach out to us at Besst Realty today.