When's the Best Time to Sell? End of 2023 vs. Start of 2024

• 25 October, 2023
• Posted By: Edward Smyth

As we approach the end of the year and look forward to 2024, a common question has arisen among our property owners: "Is it better to sell now, between October and November, or to wait for the beginning of next year, between January and March?" We've detailed compelling reasons for both periods to help you make an informed decision.

Why Sell Between October and November 2023?

1. Festive Momentum: 
   With the holidays just around the corner, buyers are often in a positive and decisive mood. Closing a deal now means they can start the new year in their new home.
2. Lower Inventory:
   Historically, there are fewer properties listed at the end of the year, meaning less competition for sellers and potentially higher offers from eager buyers.
3. Tax Benefits:
   Buyers looking to purchase before the year ends might be aiming for specific tax benefits, making them more inclined to close deals quickly.
4. Motivated Buyers:
   Those searching in this period are typically serious about buying and less likely to be merely 'window shopping.'

Why Wait and Sell Between January and March 2024?

1. New Beginnings: 
   The new year symbolizes fresh starts. Buyers often enter the market with renewed vigor, searching for their dream home.
2. Higher Inventory:
   While there might be more properties listed, the increased activity also means more potential buyers in the market.
3. Summer Appeal:
   On the Gold Coast, our summers are captivating. Properties, especially those with outdoor amenities, can show exceptionally well in these months.
4. Post-Holiday Resolutions:
   After the holidays, many people decide it's time for a change, including moving to a new home. This can lead to a surge of potential buyers.

Conclusion:

There's no one-size-fits-all answer. The decision to sell now or wait until next year should align with your personal goals and circumstances. However, regardless of when you choose to sell, our dedicated team is here to guide and support you through the process.

Considering making a move? Contact us today for a comprehensive market analysis tailored to your property.