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Is NOW the Best Time to Sell a House in Florida?

Is NOW the Best Time to Sell a House in Florida?
6 mins read Oct 04, 2024
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Edited By

Prayas Biswas

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Editor
Edited By

Prayas Biswas

Editor, Houzeo
About

Prayas B. is a detail-oriented content editor specializing in American real estate. In his free time, he enjoys hitting the pitch for a game of football or watching motorsports.

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Surprisingly, yes! While spring (March to June) usually sees the highest housing demand and prices, the market is shifting. The Federal Reserve’s first rate cut in 2 years has lowered mortgage rates to 6.08% from a recent peak of 7.79%.

Lower mortgage rates have increased affordability for buyers across the Sunshine State. Sellers in Tampa, Orlando, and Winter Park are getting quick cash sales and multiple competitive offers.

So, it’s no surprise that fall is shaping up to be the perfect time to lock in a great deal on your home.

Can I Sell My Florida Home in Winter?

Absolutely! 34% of Americans consider snowboarding or traveling out of state from November to January, and 38% flock to the Sunshine State. In fact, 30% of Florida’s seasonal accommodation business is occupied by snowbirds. This makes winter a great time to sell your home.

Timing Matters! When Is the Best Time to Sell a House in Florida?

Spring and early summer are usually ideal for quick, profitable home sales in Florida, but winter is also lucrative due to snowbirds. However, factors like hurricane season and market fluctuations can influence your returns.

To time your sale right, consider the following:

1. What Is the Best Time to Sell a Home in Florida for a Higher Profit?

April, May, and June are typically the best months to sell a home for higher profit in Florida. In 2024, the median sale price peaked at $420,933 during these months. However, mortgage rates averaged 6.85%.

As of September 26, 2024, mortgage rates have dropped to 6.09%, creating a more favorable market for buyers. Despite the dip in the median home sale price to $403,000, you still have a shot at earning a decent profit on your home sale.

2. Is This a Good Time to Sell a House in Florida Quickly?

No, April to June remains the best time of the year to sell a house quickly in Florida. In 2024, the median time on the market was 55 days during these months, rising to 61 days in August.

This increase is mostly due to the recent NAR Settlement and lower median sale price. However, job relocations in November and December could attract motivated buyers, potentially leading to faster sales.

3. Which Is the Best Day of the Week to List Your Florida House?

Thursday is the best day as 21% of homes are listed on Thursday and get better exposure. Homes listed early on in the week had to stay longer on the market. The reasoning is simple – people attend home tours on the weekends.

List your home on Thursday after 5 p.m. With enough time, you can arrange for showings on the weekend and possibly get a few offers by Monday.

4. What Is the Best Season to Sell Your House in Florida?

Spring is the primary housing season of the year. Families prefer to move during this time to avoid disrupting school schedules. The longer daylight hours also make it ideal for house showings.

However, if you list your home now, you can market it to snowbirds and sell it by December. Fewer homes on the market may lead to more competitive offers.

How Much Can I Get If I Sell My House Now?

Imagine you’re selling your Florida home for $403,000. With a 3% Realtor, you pay $12,090 to get your house on the MLS. That’s a whopping $12,090!

However, if you want to save your home equity, you can consider a Flat Fee MLS listing service like Houzeo. You only pay $749 and save $11,341!

ServiceCommission DueTotal CostSavings
Listing Agent3%$12,090$0
Houzeo $399$749*$11,341
* Houzeo’s Bronze Plan costs $399 and has a $350 closing fee.

Lara Shane Saved $24,000 With Houzeo, You Can Too!

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» Houzeo Reviews: Find out why Houzeo is one of Florida’s best Flat Fee MLS listing services.

NAR Settlement Saves Sellers Thousands in Commission

The NAR Settlement went into effect on August 17, 2024. Buyer agent commissions can no longer be offered on the MLS. This means sellers will save thousands! But it also means there’s a lot more compliance and litigation risks.

Here’s what this means for you:

  • Sellers Can Save Thousands in Commissions: You will likely pay much less than the traditional 3% buyer agent commission. That’s because buyer agent commissions will be negotiated twice: Once when buyers engage buyer agents, and again when sellers review offer contracts.
  • Seller Priority #1 Will Be Paperwork (to Mitigate Compliance & Litigation Risks): Buyer agents mitigate all types of risks. From seller disclosures, offer contracts, contingencies, inspections, repair requests, appraisal, and closing – Buyer agents keep the paperwork tight. Their state licensing authorities, Realtor associations, and MLS’ audit paperwork compliance. Without buyer agents, sellers will have to learn and adapt. Or risk expensive litigation.
  • Negotiations Can Now Feel Like Haggling: Buyer agent commissions will now be part of offer contracts and buyer agency agreements. Buyers may ask sellers to include commissions in the form of seller concessions. That means home buyers and sellers alike will be negotiating commissions. Sellers will need expert licensed brokers to help them with these negotiations.
  • Buyer Agent Commissions Can Be Offered Offline: Buyer agent fees can still be offered outside of the MLS. They just cannot be advertised on the MLS.

When Is the Best Time of Year to Sell a House in Florida?

MonthAverage Home Sale PriceHouses SoldDays on Market
January$386,40021,62553
February$390,80027,13956
March$400,80038,58449
April$401,70035,06844
May$407,80039,37842
June$410,60038,29541
July$404,90032,07341
August$405,10033,69943
September$403,20031,15143
October$405,40029,12644
November$404,80026,10345
December$404,60027,01950
Source: Redfin.com (2023)

Is Now a Good Time to Sell a House in Florida?

Yes, now is the best time to sell your house in Florida. With fall approaching and winter bringing increased homebuying activity, you can capitalize on the seasonal demand. Additionally, homes listed on the MLS can sell for up to 17.5% more than those that aren’t, giving you greater profits.

Frequently Asked Questions

What is the best month to list a house in Florida?

June is the best month to sell a house in Florida to gain higher profits. On the other hand, May is the best month if you want to sell your home in fewer days.

Is now a good time to sell your house in Florida?

Yes, now is a good time to sell a house in Florida.The mortgage rates have dropped to 6.08%. You should take advantage of the situation before the mortgage rates rise and negatively impact buyer affordability.

When is the best day to list a house in Florida?

Thursday is the best day to list your house on the MLS. Houses listed on Thursday are likely to sell faster.

When is the worst month to sell a house in Florida?

Typically, December and January are the worst months to sell a house in Florida. But in September 2024, the Federal Reserve lowered interest rates, increasing buyer affordability. This may increase demand, making now a good time to sell your house.

How long does it take to sell a house in Florida?

On average, it takes around 70-90 days to sell a house. This includes the 61 days on market and the 20-30 days it takes to move from contract to closing. If you're looking for speed, April to June is the best time to sell for a fast sale in Florida.

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