Data: Zillow; Chart: Erin Davis/Axios Visuals
Metro Phoenix homes listed between April and June could make $10,000-$15,000 more than homes listed in the fall or winter, per a new Zillow report.
Why it matters: Sellers need all the cash they can get to make their next move more palatable.
The big picture: May has long been the best month to list your house in the U.S. But in 2023, sellers made the highest profits in the first two weeks of June, a Zillow study shows.
- The shift was largely due to mortgage rates that cooled slightly in June, bringing buyers off the sidelines.
The other side: Buyers who want to avoid peak pricing should consider shopping outside of the spring and summer months.
What’s next: Interest rate cuts aren’t expected anytime soon, but if they do fall in 2024, we may have a second spring market.
