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When is the best time to buy and sell property? 

When is the best time to buy and sell property? 

Spring is usually considered as the best time to sell your house but a recent investigation has revealed that you may well have better luck in summer. That’s good news for those who have been holding out until now to put their home on the market. 

 

The study* analysed more than a decade of house buying data from the Office for National Statistics and revealed that summer has seen more houses bought and sold in England and Wales than spring for eight of the past 11 years and the most out of any season for seven of those.

 

In 2017-18, 272,782 residential properties were sold in England and Wales in June, July and August, compared with 219,285 in March, April and May. In fact, autumn also saw more houses sold in the last year than spring, with 258,713 properties sold nationally in September, October and November.

 

So, wherever you want to move to, you’re most likely to see the widest variety of properties on offer in summer, and for those wanting to sell but fear they may have missed the spring market, now is the time to act – the earlier in summer you get your property on the market, the better your pick of the buyers. 

 

Of course, there is no harm in putting your home on the market at other times of year. As highlighted above, autumn is a good time to put your home on the market; it’s the start of the academic year and many people will have returned from holiday, where they’ve had time to take stock and evaluate their living situation and future prospects. 

 

While winter isn’t usually seen as the best time to sell, from a buyer’s point of view, if budget is important, looking during this off-peak time of year can be a good option. While there’ll be less to choose from, there will also be less competition and you’ll be less likely to end up in a bidding war. 

 

Whether you’re looking to buy or sell your property, with 18 branches across Surrey, Seymours knows the local market inside out and our experts are always on hand to help you find your dream home. Drop in contact us here. 

 

*Analysis carried out by The Mirror