Spring 2024 is almost here, and it's a great time to put your home on the market in Phoenix. Whether you are looking to upgrade, downsize, relocate, or simply cash
in on your investment, spring offers many advantages for sellers. Here are some of the reasons why spring is the perfect season to sell your home in Phoenix:
The weather is ideal.
Phoenix is known for its sunny and warm climate, but spring is especially pleasant. The average high temperature is 79°F in March, 87°F in April, and 96°F in May. The skies are clear, with only a few days of rain throughout the season. This means that your home will look its best, with plenty of natural light and blooming flowers. Buyers will also enjoy touring your home and exploring the neighborhood in the comfortable weather.
The demand is high.
Spring is the busiest time of the year for the Phoenix real estate market. According to Redfin, the median sale price of homes in Phoenix surged by 8.5% in December 2023, reaching an impressive $445K. The average time a home spends on the market is 41 days, which is much faster than the national average of 66 days. Some homes receive multiple offers, contributing to the competitive landscape. This means that you have a good chance of selling your home quickly and for a high price in spring.
The supply is low.
While the demand for homes in Phoenix is high, the supply is low. The inventory of homes for sale in Phoenix dropped by 32.4% year-over-year in December 2023, reaching a record low of 1.6 months of supply. This indicates that there are more buyers than sellers in the market, creating a seller's market. As a seller, you have more leverage and bargaining power in spring, as buyers have fewer options to choose from.
The timing is convenient.
Spring is also a convenient time to sell your home in Phoenix, as it aligns with the end of the school year and the start of the summer. Many buyers, especially families with children, prefer to move during this time, as it causes less disruption to their schedules and routines. By selling your home in spring, you can also plan your own move more easily, whether you are buying another home in Phoenix or moving to another city or state.
It's time to get your move on.
If you are considering selling your home in Phoenix this Spring, call or text me at 480-270-9130 to get started with a free competitive market analysis.
