Market Insight on Seasonal Home Selling Trends

This report presents an analysis of seasonal trends in home selling prices, focusing on the optimal times for homeowners to sell their properties. It identifies November as the statistically best month for selling, with prices averaging 0.78% above the national average. For an average property sale of approximately $880,000, this translates to additional gains of nearly $7,000 for sellers. The report highlights that spring generally sees the highest sale prices, but February and March also yield favorable outcomes due to increased buyer activity. Conversely, June and July are noted as the months with the lowest prices, reflecting a quieter market. Specific markets such as Melbourne, Adelaide, and Perth experience seasonal price changes exceeding 1% above average during peak selling times. The analysis covers data from 2014 to 2023 and suggests that home price growth is expected to persist, particularly as the spring selling season progresses and November approaches.