Best time to sell your house in Durham, North Carolina
Use the actual real estate transaction data that HomeLight has collected for Durham, NC to learn the best and worst months to sell your Durham home. The charts below can show you which months are best for maximizing the sale price of your home in Durham, what time is best for selling a home faster in Durham, or when you'll likely get the best sale-to-list ratio.
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Best time to sell a home in Durham, NC for more money
How to read this chart - Days on market is a measure of how long it takes to sell a house. Look for months where homes sat on the market for less time than the monthly average. If you're trying to sell your home fast in Durham, NC you should aim to close in one of those months. For example, if the month with the lowest days on market is April, then you should list your house in January for an April close date.
Durham Housing Market Trends - Sales Prices
Real estate is a hyper local business but you can use the annual housing market trends across the United States to come up with a general rule of thumb for the best time to sell a house.
Based on the housing transaction data we have for Durham, NC, it looks like July would be the best month to sell your home in Durham. It generally takes about 3 months to close on your home, so we estimate that if you list your Durham home in May you could sell your house for 2.64% more than the yearly average!
How to read this chart - Days on market is a measure of how long it takes to sell a house. Look for months where homes sat on the market for less time than the monthly average. Those are usually the best months to close on your home sale. For example, if the month with the lowest days on market is April, then you should list your house in January for an April close date.
Days on Market Trends for Home Sales in Durham
Economic conditions impact days on market trends in America's housing market. Every year will be a little different but you can use the aggragate data to give you a general rule of thumb for the best time to sell your house fast.
If you're looking to sell your Durham house fast, the best time to close on your home sale in Durham, NC is probably the month of May. Since it generally takes about 3 months from list to close, we estimate that if you list your Durham home in March you could sell your house 7.9 days sooner than if you listed in any other month.
HomeLight maintains the most comprehensive data on real estate transactions across the United States. We use this data primarily to match homeowners with top real estate agents in their areas but you can also use this data to figure out the best time to sell a house in just about every city across the nation.
Every year, we select a variety of cities all across the United States and analyze the housing market data to see exactly how the best time to sell a house changes over time. See the results of our study and play around with our real estate data to see your own home's best time to sell.