When Is the Best Time to Sell a House in the Bay Area?
The Bay Area real estate market is competitive, serving both San Francisco and the surrounding locale, including Silicon Valley. Offering everything from oceanfront properties to coveted urban Victorians, this hot market has a standing tradition of low inventory and high prices.
For sellers, it may seem like the best time to sell a house in the Bay Area is any time of the year. However, there is data to prove that some months are better than others if you want to close quickly or at a top selling price.
This post demystifies the factors that affect your home sales experience and determines the best time of year to sell your Bay Area property. We outlined the factors influencing this California market to help you understand the months that are optimal for preparing, staging, listing, and selling your house for its highest possible price and in the quickest time to close.
Bay Area housing trends
The median sold price of existing single-family homes in the San Francisco Bay Area single-family homes hovered around $1,200,000 in December 2024, with prices increasing by 1.5% from the same period last year. Meanwhile, existing home sales grew by 14.6%.
Homes spent a median of 26 days on the market, and the unsold inventory index stands at 1.6 months. All these factors point to a favorable seller’s market, but the question remains: when’s the best time to sell a house in the Bay Area?
We have pulled together the data on when to list your home to expect the fastest closing, versus when you may want to list to net the highest price. Throughout the sales process, consulting recent data and overall trends can help. Your Realtor® will also be able to provide insight into the quirks of your neighborhood and what buyers are looking for.
from HomeLight Blog https://www.homelight.com/blog/best-time-to-sell-a-house-in-the-bay-area/
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