In this video I discuss if the holiday season is a good to to put your house on the market to yield the best bang for your buck. I compare the Long Island Multiple Listing Service (MLS) Market Report Generator (local data) to see if it differs from Googles national average.
Transcript of Video:
Hello everybody you're thinking about
selling your house during the holidays? Is that the best time of year to secure the most amount of money? Well that's the topic of my next video. Hello
everybody are you thinking about selling your
house but want to know when is the best time
what month would give me the best bang for my
buck with the holiday season right upon us it
seems like this is the great time to actually
do some of that research
and answer that question so how can we do it how do we tackle it well let's do some
basic research online the actual term the best month to sell to sell a house
and let's see what we
come up well basically
we find in most areas the best time to sell a house is during the first two
weeks of May so early spring is I believe that's more of a national thing but
let's see what we could find out so I'm gonna go into the Multiple Listing
Service of Long Island and this is the Realtors portal also known as Stratus
and we're gonna go to the report generator we're gonna type in a town in this
case I'm gonna do Sai acid which is a town on the North Shore of Long Island
we're gonna keep the school districts open SCI acid can bleed into other school
districts oh there it is so I acids um it does border some other towns with
most of the houses in Syosset school districts are in Syosset they can go into
Plainview and some other areas as well I don't want to I'm not gonna be concerned
right now with condos and co-ops we're gonna keep it just residential we're
gonna keep it single-family and there is no waterfront and then we're gonna
instead of doing sole properties and we're going to do transactions we'll get
back to the property type in a minute but and we're gonna generate the reports
and let's see if we come up with May as the number let's read the chart down
here we see right here November 280 houses when actually were pending or
pending sale on to contract and then from May which is what we just read we
have 271 so it's
closed when one would be
this lowest time of the year November of 201 this is November of 2016 you have November
of 2016 it seems to have been 280 has actually went on the contract and in
November of 2018 we have 242 so let's just keep it in 2018 and see when we have
the most well there you go may May is 255 supply and demand we know is a large
is a large part of how much money you'll actually yield for any transaction so
you need to check out the video I made called what is absorption rate and find
out what the competition was at that time the absorption rate takes all those
different indicators
into account and check
out that video and it will give you more of an understanding when is the best
time to sell Google seems to be pretty correct here but the 18 5 days on the
market is that specific to your town you have to do more research to find out
please give me a thumbs up if you enjoyed the video
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channel thanks for joining us and don't forget to subscribe and ring the bell
for notifications in the future this is Mark Schreier from Century 21 American
homes Real Estate
