Real estate in Regina is similar to many other marketplaces in the sense that there are always more home purchase and sales in the spring & summer months than any other time throughout the year. Traditionally, there are more buyers on the hunt during the warmer months and so sellers follow suit and list their homes when they feel the most buyers are looking. The time of year you chose to buy or sell may reflect your personal goals or it could be a result of universal timing.
Without listing the dozens of reasons people buy or sell real estate in Regina, let's take a look at a couple scenarios you can think about.
- Mortgage rates
Rates have been on an increase lately and some people may be included to buy before they jump up again.
- Opportunity
Let’s say one of your family members has decided to list their home and they’re willing to sell it to you for a little less than market value, this may be a great opportunity to take advantage of.
- Investment
As an investor, you may get a better deal on a home during the winter months because there are fewer buyers but remember- there is also less inventory.
These factors may encourage you to reassess your decision, whether it may be to buy or sell. Statistically speaking, there are more sales occurring in the April-September months but there are still hundreds of sales that occur every other month throughout the year.
There are other questions you should ask yourself when deciding to buy or sell real estate in Regina
Is your home ready to sell?
Where you are planning on moving to?
Are your finances in order?
Financially ready doesn’t always mean Emotionally ready...
Many people are financially ready to buy or sell real estate in Regina long before they are emotionally ready.
Many first-time home buyers stay at home with mom and dad for years, saving up 10x the amount they actually need for a down payment.
Some couples remain in their family home much longer than they need to before letting go.
If you're looking for the short answer- the best time or buy or sell real estate in Regina is when you are ready. But, statistically speaking, more sales occur in the spring to summer months.
I encourage you to reach out to me so we can talk about your goals and about whether or not we need to time your purchase and/or sale with the seasons. I can offer advice specific to your situation without saying “any time is a good time to buy or sell real estate in Regina.”
Contact Me
Call me at 306-552-7047 or fill out my online contact form!
Kelsey Smith Is Regina’s Choice
Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.