Best Time of Year to Sell Your Home

December 8th 2023

For Kamloops Realtor® Bobby Iio, every day is an opportunity to sell your home. His commitment and that of his associates at Team 110 don’t waver, even when the market fluctuates. A common question Bobby faces is about the best time of year to sell real estate.

Typically, Bobby explains that spring often emerges as the prime time for real estate transactions. However, market trends can vary, and other seasons have also seen significant activity. Factors influencing these shifts include:

  • Shortage of Inventory – A cyclical pattern often results in a shortage of marketable real estate. Various factors, such as public health events or economic changes, can cause people to delay selling, leading to fewer homes on the market.

  • High Demand for Housing – Market recovery patterns can fluctuate, sometimes dropping sharply and then rebounding quickly. Extended periods of change or uncertainty can spur individuals and families to upgrade their living situations or enter the real estate market for the first time.

  • Low Interest Rates – Low interest rates can significantly increase housing demand, making it an opportune time for buyers.

Bobby Iio suggests that the typical order from best to worst for selling seasons is spring, fall, summer, then winter. In a declining market, where there are more sellers than buyers, the time of year can be more crucial. With numerous options available, buyers may be influenced by factors like season when deciding to move. In an ascending market, the season becomes less critical due to limited real estate options, compelling buyers to act swiftly when the right house appears.

For those looking to invest in Kamloops real estate, the current market offers a compelling opportunity. Even if prices seem high locally, they remain attractive compared to larger areas where affordability is dwindling. With potential changes in interest rates on the horizon, now could be an excellent time to secure a mortgage and establish roots.

The key message for the Kamloops real estate market is that, with an unpredictable future, the current moment is always the best time to consult with your agent about selling your home.

If you’re considering selling your home now or soon, or if you’re eager to begin searching for the perfect home in Kamloops, contact Bobby Iio at (250) 571-6686. Regardless of the season, he’s always ready to discuss real estate. With extensive experience in the area, Bobby can provide knowledgeable answers to your questions and guide you on the right path.

You are also invited to explore the listing section of the website for current listings, local neighbourhood information, mortgage details, and much more.