Friday, April 22, 2016

Best month to sell is NOW

According to a current StreetEasy article by Jihee Kim, a data scientist for StreetEasy,  the best month to sell in Manhattan is in April and in May. She based her theory on three different important aspects: 

  • Supply (newly listed sales, total sales inventory)
  • Demand (page views and agent contact)
  • Outcome (sale-to-list price ratio, days on market)

As you can see in the picture below, the Bronx and Brooklyn may already have missed their optimal time but Manhattan is still in its prime time. So hurry up and get your place ready! Springtime's warmer weather has buyers out looking now.  There is a buzz in the market that interest rates may go up that could possibly slow down potential buyers, so do not wait too long! 

Read more of Jihee's article here.

Copyright StreetEasy