Sellers, not buyers, are the ones who wait for spring
Every year sellers put their lives on hold to wait for the spring market to come around. There was a time when this was advantageous, though over the decades the way real estate sells has changed dramatically. These days, buyers are more eager then ever to get into the market. This means, the market stays open all year round. The only benefit for buyers during spring is the amount of properties that come on the market spreads their competition and there is a greater chance they will get themselves a property for a good price.
Historically August has become a low listing month due to the wait for September, though the ones who get in early have hit the market without too much competition, in turn, generating more buyer activity for their property and picking up great results.
Depending on your market, the only times you need to be aware of throughout the year are any public holidays that extend weekends. For the city it becomes a little quieter as people get out of town and drive down the coast or the country, on the other hand, if you’re in a high tourist area, it would be ideal to take advantage of the incoming crowds. Also keep your eye out for end of calendar and financial years. Generally the market slows up and depending on what happens after a few weeks of settling into the new year, you’ll notice if the market will remain consistent or begin to drop off.
Don’t get me wrong, spring is still an amazing time for real estate, there are plenty of transactions and if timing happens to align with the spring markets, then you go for it. Just beware that your comparable competition will always be much greater and you’ll spread your potential buyers across many properties.