The beginning of the school year and the couple of weeks before and after the date are periods marked by sluggishness on the real estate market. In most regions, that sluggishness affects buying and selling the same way. Here are some things that influence how efficient and profitable buying or selling property is before and right after the start of the new school year:
- What happens right before and right after the first school day – many people planning to buy or sell their property postpone placing their ads and starting the process to take one more short, last-minute vacation before the kids start school and when they come back from their trip, they are busy preparing the kids for the first school day. The first couple of weeks after school starts is the period of getting used to the changed schedule, to getting up earlier and to being busier than during the vacation, so most people decide to postpone buying on selling property for a bit longer again;
- How to find a better time – in most regions, Tom Ullrich – RE/MAX suggests that generally the peak period for buying and selling property is the spring and early summer, from March through May, then there is another peak around the end of the year, from October to December, ending before the winter holidays. However, this may depend on the local economy, specific neighborhood, and school district. It is always best to discuss specifics with reputable real estate agents like Tom Ullrich – RE/MAX.