The best time to sell your house in Philadelphia
Add Axios as your preferred source to
see more of our stories on Google.
If you're thinking about selling your house, you may want to act fast.
The big picture: The "best time to sell," per Zillow researchers, depends on where you live. For much of the U.S., home-sellers who list in the spring make more money on the sale than they would any other time of the year, according to multiple industry publications.
- A national analysis by Realtor.com found the ideal week to list is coming up between April 13 and 19.
- Philly homes listed in the first half of last June sold for 2.2% more — typically $8,100 — than any other time of the year, per to a new Zillow report.
State of play: Mortgage rates remain elevated this spring.
- Some shoppers have adjusted to higher rates, though many still feel priced out or find few options available.
Between the lines: A couple weeks can make a big difference in Philly, per Zillow.
Case in point: Philly sellers who listed their homes in late June sold for $2,700 less than those who put up their homes in early June.
- Beware, Philly: November and December are among the worst times of the year to put your home on the market. Sellers sold for about $10,000 to $11,000 less.
What we're watching: Mortgage rates continue to dictate the sluggish housing market.
- "When rates fall, more buyers rush in, putting upward pressure on prices, which could happen at any time of year," Zillow senior economist Orphe Divounguy said in the report.