When is the best time to sell your house in Las Vegas?
Las Vegas real estate has been in demand for a very long time. Since the turn of the century, Las Vegas home sales have continued to rise, and the current market only sustains a five to six-week supply of available homes at any time throughout the year. But, as with any statistics, those numbers are averages and there are times of significant activity and then times when the housing demand falls off a little.
When you examine each of the four seasons in Las Vegas, you do start to see trends that help to determine the best time of year to sell a house in the desert. Now that the national economy is slowly recovering from the 2008 recession, home sellers can expect to get more from their properties when they sell at the right time.
Las Vegas real estate, despite the recent rise in home sales that started in January 2012, tends to follow the same trends as other markets around the country. Winter is the worst time to try and sell a house because the housing demand is so low. For the most part, people avoid moving into a new home in the winter, and the holiday season also tends to deter people from putting in offers.
While most people avoid moving into a new home in the winter, there still tends to be steady traffic into Las Vegas during the winter with people looking for new homes. Since many people avoid putting up their homes for sale in Las Vegas during the winter, you can use that as a reason to turn the winter in the best time of year to sell a house in Las Vegas.
In April and early May, the housing demand in the Las Vegas real estate market are just coming out of hibernation, but this is still not a great time to put your house up for sale. Early spring is when people are still deciding if they want to make a move and it also tends to slow down business on the Las Vegas Strip. Once June rolls around, then it is time to put your house on the market and get your best selling price.
June through August is the best time of year to sell a house in Las Vegas for a couple of reasons. Despite the heat in the desert, the summer is the most popular time for people to visit Las Vegas. There is a frenzy of activity throughout the city, and this is also a time of year when the newest residents decide to move to Las Vegas from outside the area. The Las Vegas Sun estimates that as many as 5,000 people per month move into the Las Vegas area and the summer months tends to see more.
Fall is the time of year when the city of Las Vegas sees a lot of business conventions and a lot of people deciding to move into the area to pursue a new life. Traditionally, September has been a great month to sell a house because the beginning of fall tends to put a spike in housing demand in the Las Vegas real estate market.
The month of October also tends to rank as in the category of the best time of year to sell a house because the cooling weather seems to get people into a buying mood. In Las Vegas, it is always the best time of year to sell a house. But in the fall, you will see an influx of snowbirds from the East Coast who are trying to close on their Las Vegas dream home before the snow starts flying in their current city.