Metro Atlanta homes listed in late June could make $8,700 more, according to a new Zillow report.
Why it matters: Sellers need all the cash they can get to make their next move more palatable.
- And summertime is the prime time for families to get settled in a new home before the school year begins.
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.
- This shift is largely due to mortgage rates, which cooled slightly in June and brought some buyers off the sidelines.
The other side: Buyers, if you want to avoid peak pricing, consider shopping outside of the spring and summer months.
What’s next: Interest rate cuts are not expected anytime soon, but if those rates do fall in 2024, we may have a second spring market.