[quote=north park girl]
FWIW, I played around with Case Schiller San Diego numbers, comparing each month’s index to the two year moving average (one year before and one year after) for 2004-2013 (basically, I tried to determine what the seasonal adjustment is). Not the most rigorous analysis, but these numbers indicate July-August-September as the best months to close price wise. So that would seem to place May-July as the best times to put it on the market.
Jan -1.6%
Feb -1.9%
Mar -1.7%
Apr -0.9%
May -0.1%
Jun 0.8%
Jul 1.5%
Aug 1.6%
Sep 1.5%
Oct 0.6%
Nov 0.1%
Dec -0.7%
Spring seems to be below average for sales price, so I’m wondering why people are saying to sell in the spring? Any data to show why that would be better that I’m missing?
I do like the idea of putting it on the market right away and testing the waters (with a credit for renovations). I do have a specific number in mind, so if I can’t get it, I may go ahead with the remodel.[/quote]
Case-Shiller is a 3 month rolling average of the previous 3 months. I.e. 1.5% in July represents April/May/June average. 1.6% Aug = May/June/July average.
In addition it looks at closing prices so the homes were likely listed somewhere between 30-60 days before the closing price was reported. So the July number is looking at stuff listed in Feb/March/April/May.
