Late May Listings Lead to Larger Profits

The real estate market has its rhythms and quirks, with certain times of the year offering distinct advantages for sellers. According to a recent report by Zillow, the latter half of May has proven to be an especially lucrative time for homesellers. This period aligns with a surge in homebuyer activity, making it an ideal time to maximize returns on your property.

Timing Your Sale for Maximum Gain

Zillow’s findings suggest that homes listed in the last two weeks of May not only sell faster but also command a premium—potentially adding an average of $5,600 to the sale price. This increase is attributed to the heightened competition among buyers, particularly those keen to settle into a new home before the summer season fully commences.

Where and When to List

While the late-May listing advantage holds strong in cities like Chicago, Boston, and Minneapolis, other areas see different peak times. For instance, homesellers in Seattle and San Diego might find better results listing in late March. Understanding these regional differences is crucial for strategically timing your listing to attract the highest offers.

Mortgage Rate Impact

The influence of mortgage rates on the real estate market cannot be overstated. As per the insights from Zillow’s senior economist, fluctuations in mortgage rates can rapidly alter market dynamics, affecting both buying power and seller premiums. This volatility underscores the importance of recognizing that current market conditions are merely a snapshot in time. Buyers and sellers should be prepared for shifts that could affect their transaction strategies.

Disclaimer: Please note, the real estate market is highly dynamic, heavily influenced by changes in mortgage rates among other factors. The information provided here represents a snapshot based on current conditions and trends. Market conditions can change rapidly, impacting pricing and the ideal timing for transactions.

Bottomline

Are you contemplating a move or looking to sell your property in Orange County? Now might be your perfect moment, especially if you act by late May. At Whitestone Real Estate, we’re dedicated to leveraging market insights like these to ensure you get the most out of your real estate transactions. Connect with us today, and let’s make your next move your best move!

Reference: McPherson, M. (2025, March 6). Want to get more for your sellers? List in late May. Inman. Retrieved from https://www.inman.com