Why Queens, NY is a unique real estate market!
When is the best time to sell your home? Every market is different. In Florida, the best time is from late fall to late winter because that’s when Florida gets a lot of snowbirds who want to purchase second properties. In the Hamptons, the best time is spring to summer because people want to purchase a second home there and use it for the summer.
Queens market is unique because it doesn’t have a perfect time to sell. Traditionally, spring is the peak time, but what really affects the real estate market are interest rates.
If interest rates are low, people are going to buy. The spring market in Queens started in February, which is not typical. Traditionally, spring is from after Easter until the end of June. Despite COVID and the snow, nothing stopped buyers this year, and so it’s continued to be one of the busiest real estate years I’ve ever seen.
The right time to sell your home is when you are ready to buy and sell. That’s when you should do your real estate transaction. If you have any questions, feel free to reach out to me by phone or email. I look forward to hearing from you.