6 Reasons Why Homes Listed in Early June Sell for More

As the real estate market heats up, sellers are eagerly preparing their homes for sale, aiming to capitalize on the surge in buyer activity. But did you know that timing could significantly impact the final sale price of your home? It's true – homes listed in early June tend to sell for more, and there are compelling reasons behind this phenomenon.

According to a recent Zillow analysis of 2023 home sales, properties listed in the first two weeks of June sold for 2.3% more. That translates to a $7,700 boost on a typical U.S. home. This finding underscores the importance of strategic timing when selling your home and highlights the potential financial benefits of listing during this optimal window.

Why else does listing your home in early June make such a difference? Let's explore the factors at play:

1. Peak Buying Season

June is historically one of the busiest months in the real estate calendar. Buyers who have been patiently waiting for the right property are ready to pounce as soon as it hits the market. This heightened demand can lead to multiple offers and bidding wars, ultimately driving up the sale price.

And now that school is out here in the Denver area, families are ready to pack and move.  Anyone with children knows how hard it is to uproot from current friends, neighborhoods and schools. Timing a move during the summer season can ease this transition a bit.  

2. Optimal Weather

The weather in early June is often idyllic—warm but not scorching, with plenty of sunshine to showcase your home's best features. Buyers are more inclined to attend open houses and spend time exploring neighborhoods when the weather is favorable, increasing the likelihood of a successful sale. Additionally, June is when your landscaping is usually looking its best, improving your curb appeal and making your home more desirable.

If you want to make sure your outdoor spaces are the most appealing to today's homebuyers in Denver, be sure to check out a recent article about Upgrading Your Outdoor Spaces.

3. Emotional Appeal

Summer represents a fresh start for many people, making it an emotionally charged time to buy a new home. Families envision creating memories in their new space, hosting backyard barbecues, and enjoying lazy afternoons in the sun. By listing your home in early June, you tap into this emotional resonance and position your property as the perfect backdrop for their summer dreams.

The bustling neighborhood activities of summer can appeal to buyers. As they approach your home and see kids outside playing, neighbors taking care of lawn chores like mowing ... and hopefully giving at least a head nod or wave to the buyers!  I've seen several times how a friendly neighborhood feeling can impact the way a buyer feels about a home.  "Everyone seems so nice" is a statement I hear before buyers write an offer.  Aim for that!

4. Market Momentum

Momentum is a powerful force in the real estate market. When buyers see that homes are selling quickly and at competitive prices, they're more motivated to act swiftly when they find a property they love. By listing your home in early June, you leverage the momentum of the peak buying season, increasing the likelihood of a fast and profitable sale.

But don't forget, pricing your home right is critical! Pricing too high to "test the market" usually results in longer days on market and a reduced selling price.  For more on pricing, check out our Home Pricing Strategies update.

5. Less Competition

While June is a popular time to list homes, it can often be less saturated than the spring market. Many sellers aim to list their properties earlier in the year, leaving fewer homes available for sale by the time June rolls around. With less competition, your home stands out more prominently to eager buyers, driving up demand and potentially increasing the sale price.

This year, we are starting to see the creep up of longer days on market. The interest rates of mortgages are affecting our buyers and what they can afford. Most buyers are more particular than in the past and they want a home that is move-in ready.  Each home is unique and if you're trying to decide if you should make some home improvements before selling, let's talk. Each case is different. I will help you decide if the upgrades will add value so you aren't wasting money.  Book a chat with me here.

In conclusion, timing is everything when it comes to selling your home for the highest possible price. By strategically listing your home in early June, you harness the power of peak buying season, optimal weather, emotional appeal, market momentum, and reduced competition. So, if you're considering selling your home this year, don't overlook the significance of timing. Take advantage of the June boom and set yourself up for a successful and lucrative sale. Your dream sale price may be just around the corner!