Property for sale at a certain time of year will yield a higher price at sale, according to a study.
House prices fluctuate depending on whether you sell in Winter, Spring, Summer or Spring. When is the best time to sell your house?
You could make £11,500 more selling your home at a certain time of year, according to experts.
If you are selling in August you may well get the worst price possible for your home.
The price achieved by sellers is at its highest in the summer.
It climbs gradually between winter, spring and summer before falling in the autumn.
Experts have found that there is a direct correlation between a change in temperature and the price achieved across the property market.
Amazingly, they have claimed that every degree means an average change of £2,150 in house prices.
This equates to an increase of £1,461 for every degree increase in the weather and a drop of £2,838 for every degree the temperature drops, according to Springbok Properties.
They have looked at the seasonal impact of the nation’s property market and how the Brexit price growth freeze could be about to thaw as we head into spring.
Using Land Registry sold price data Springbok Properties looked at the difference in price achieved over the four seasons, how this breaks down by month and what impact rising temperatures have on the price buyers are paying for property.
The warmer weather and longer evenings bring a spike in market activity but the seasonal changes also bring a higher average sold price.
In winter last year the average sold price was £291,810, increasing to £293,347 as spring arrived.
This then increased further to £301,321 over the summer season before falling to £289,833 during the autumn.
When is the best time to sell your property?
Winter (21 December to 19 March) – £291,810
Spring (20 March to 20 June) – £293,347
Summer (21 June – 22 September) – £301,321
Autumn (23 September – 20 December) -£289,833