Is This Fall a Good Time to Sell My Beach Property?
As summer winds down, many of you may be asking, “is the fall the best time to sell my beach property?”
Here is something you should know: the spring and the fall are typically the two busiest times to sell and buy real estate in a resort town.
But from a seller's standpoint, when is the best time to sell your property?
The best time to sell your property is when demand is high and inventory is low. Here at the beach, we are still experiencing an extremely low-inventory environment. We have just under two months' supply of homes for sale today, which puts you in a great position to be able to take advantage of the seller's market that we are still in.
As you may know, Interest rates have risen and the number of transactions is down by about 25 percent, but home prices have remained stable.
It's a great time to take advantage of the fact that prices are up, you're in a great equity standpoint based on everything your property has appreciated over the last two years, and with the low inventory and strong demand, the fall will be a great time to sell your property.