One of the main questions we are always asked is: when is the best time of year to sell or let a home? While there is no absolute optimum time to put your property on the market, seasonal patterns can affect buying and selling habits. It is no different in Chelmsford, with certain times of the year proving to be more fruitful than others.
Spring is often considered the season when the market picks up and hits its stride. The warmer weather and lighter evenings give people extra motivation to go on viewings, while the bright daylight can help your home look that extra bit lovelier. Your garden (if you have one) will also seem much more appealing in the spring months. It turns out that Chelmsford saw 25.5% of properties sell during the months of spring.
August and early September can be a quiet time for the property market. The schools have broken up for the summer and lots of people go on holiday around this time of year. That means there are fewer people around for viewings — especially families. It is a different story in June and July though, which can be the busiest months for selling homes, with the market peaking before the schools break up. The summer months saw 26.3% of properties sold in Chelmsford.
Thanks to mild weather and light evenings, the early part of autumn can still prove buoyant for property sales. Children are back at school which gives parents more time to concentrate on buying a new home, and most of the people looking on the market in the autumn will hope to find their perfect property in time for Christmas. Towards the end of autumn, the colder weather and the shorter days can lead to a slight dip in the market. Chelmsford sold 24.5% of properties in the autumn months.
Winter can be a trickier time of the year to sell a property as the market slows down and everyone’s thoughts turn to Christmas. However, there can still be positive movement in the colder months; buyers who are searching for property at this time of year will be more determined about purchasing a new home. The winter months in Chelmsford saw 23.7% of properties sold.
For landlords thinking about letting their buy-to-let, the patterns can be slightly different compared to the sales market. There is still no set season, but the start of the year and summer time can prove to be busier periods. Many people change jobs and relocate at the beginning of the year, while the summer is popular with students looking for accommodation near universities.
Click the link to read the full report: CPU Feb 17