Selling your home in Philadelphia is a very different process from buying your first-home. As a seller, you’ll have more control in the process, but there are smart tips to follow to ensure a smooth process, a faster sale, and the best price.
1. Know the best time to sell your home in Philadelphia
Home supply and demand ratio determines if it’s a seller’s market, buyer’s market, or balanced market.
If you have the flexibility to choose when you sell, chose a seller’s market, which occurs when there are more buyers searching for homes than available inventory. In the greater Philadelphia area, this is typically during the warmer months—May through August—and can lead to multiple offers that can exceed the list price.
Like the national market, May is the best month of the year to sell your home in Philadelphia. Homes listed at this time sold faster and for up to 10% more than the yearly average, according to local sales data.
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