Tag: sell my own home

Analysis of selling prices shows that November was the best month for sellers, with prices 0.80% higher than the average throughout the year.

But this depends on where you are across Australia, with the size of seasonal variations, and the best month to sell differing by region.

Spring and early in the year when homes sell for the most

At the national level, the average seasonal variation in prices favors sellers in the spring selling season (October and November) as well as in February and March.

In November, prices were highest: 0.8% above the average throughout the year. A seller of the average priced home, around $800,000, would take home more than $6,000 more in November, relative to the average price achieved through the year.

But selling results were also strong early in the year. Prices were also noticeably above average in February (+0.59%) and March (+0.72%).

By contrast, the lowest seasonal prices are achieved in June and July, on average across the country.

These estimates are based on a seasonal decomposition of hedonic price indices (which account for different types of homes being sold at different times of the year). The average seasonal deviations each month are extracted