Wednesday, June 17, 2009

Best Time to Sell a Real Property

The sale price of a real property may be influenced by which part of the year the sale occurs. Generally, Spring and Summer are the best times to relocate and purchase a house. Hence if the sale is made in Spring, there is a general trend in an increase in inventory which could make it more difficult to sell than at a time like November when inventories are coming down. Also, if the home is a single family residence, then a sale in Summer may increase the price per square foot because families tend to relocate in tandem with the school year. If the home is a single story with room for an RV, the most likely buyer might be a retired individual or couple, in which case there is no connection to school years, making the off season a great time for them to be looking.

I would like to investigate the relationship between the timing of a sale and the price per square foot of the real property in the Arlington Area 83-1 near UTA and seek to come up with the factors if any that affect this relationship.


1 comment:

Dr. Hansz said...

Could be interesting. Others might use seasonal variables as control variables.

The hypothesis about segmenting the market is interesting. Are there enough properties identify RV parking in the MLS to do this? Just curious.