The Best Time to Sell a NYC Apartment
If you've been holding off putting your Manhattan apartment on the market, now's the time to do it. At least according to real estate analytics site Urban Digs, which found that May is the month with the highest contract volume (it's just slightly higher than the second-highest month, March).
"March, April, May and June are by far the top four months. But May is the best," says Noah Rosenblatt, founder of UrbanDigs, who says he can't think of a better time to list. "We're going into that peak deal volume period."
Thinking of selling? To find out what actual buyers are willing to pay for your co-op, condo or brownstone, consider discreetly "pre-marketing" it. New York City real estate brokerage Triplemint has an entire data-driven pre-marketing platform that provides a way to quietly test your asking price and your marketing strategy among real-life qualified buyers before publicly listing your home. There's no charge to participate and no obligation to enter a traditional listing agreement at the end of the pre-marketing period if your place hasn't sold. Click here for more information.
With the market favoring sellers and the season on your side, Rosenblatt says you should be able to find a buyer fairly fast. "If you're not selling in 60 days, something's wrong with your price," he adds.
He suggests adjusting the price and taking advantage of the seasonally strongest months for deal volume — before things quiet down (at least relatively) after July 4.
Related:
5 red flags that could slash your apartment’s selling price (sponsored)
Brokers share their tricks to spot a serious buyer
Why you shouldn't always pick the highest bidder
What sellers need to know this spring
