originally posted 05-09-2016
When is the right time to sell your home?
David discusses seasonal Pensacola Real Estate Market Trends.
Realtor, David Keen, discusses the best time to sell your home. Statistically, April through July are the best time to sell your home in Escambia and Santa Rosa Counties.
There are many reasons that real estate is more active in the late spring and early summer months, especially in the Pensacola area.
1) It's easier for families to move while school is out!
Imagine the stress of a cross country move with three young children during the school year. Many families prefer June and July to move because school aged children are on summer break.
2) The majority of Military PCS relocations are done during this time.
Especially in Northwest Florida, we have a lot of military families that move, on average, every three years. Pensacola is home to Naval Air Station Pensacola and several smaller bases including Corry Station and Whiting Field in Milton, Florida. The majority of these PCS military relocations take place between April 15th and August 15th each year. With so many military service members relocating during this time, the summer Pensacola real estate market heats up.
Because of these reasons, more people also rent homes in April through July. We are seeing extremely low rental inventory in the Pensacola area. Coupled with rising rents, more renters are choosing to buy instead.
With more home buyers searching for properties,sellers benefit from higher sales prices and fewer days on the market. If you have questions about selling your home in the greater Pensacola area, give me a call or email me today.