Summer doesn’t officially end until the Autumnal Equinox in the 3rd week of September, but we all know it really ends the day after Labour Day.
Every year, the Tuesday after Labour Day sees the kids go back to school, the white clothes go back into the closet, and the real estate market come back to life after the August slow-down.
A whole slew of new listings hit the market during that first week after Labour Day, and plenty of eager sellers (and realtors) are excited to get the ball rolling.
In my opinion though, it’s a good idea to consider waiting until the following week to list your home for sale.
The goal is to expose the property to as many buyers as possible, but a good chunk of the buyer pool is distracted at this time of year.
There’s so much happening in people’s lives during that first week after Labour Day, that there’s a good chance many of the new listings are going to slip-by unnoticed.
People are busy getting back into the swing of things at work.
Anyone working in a seasonal industry is likely focused on transitioning over to their fall market.
People are coping with the fact that summer’s over and the cold & rainy weather is just around the corner (ugh).
And then of course there are the families that have small children…
I know that my wife & I are going to be preoccupied these next few days with starting our oldest daughter in JK. If we were searching for a home right now we’d almost certainly be taking a week off from our search to concentrate on the start of school.
I myself have a new listing coming out soon, and we’re waiting until that 2nd week after Labour Day to go to market. My clients are fully onboard with the idea that we’ll reach the maximum number of potential buyers if we wait that extra week.
That’s not to say that a seller won’t still do well if they list right after Labour Day. And not every seller is even going to have the option of waiting until mid-September to list.
If you really want to maximize your odds of success though, you do need to consider all of the angles and strategize accordingly.
So, while it might not necessarily be a bad idea to list immediatley after Labour day, it might be a good idea to hang back and wait a week.
Here’s to a kick-ass fall market!
If you’re thinking of making a move and would like to know how I can help, feel free to contact me for more info.