Is Winter A Bad Time To Sell Your Property?

Published: March 31, 2016, 2 p.m.

b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/winter-bad-time-sell-property\\\\/#arve-youtube-xthwkkhizss659a0b2e6e037907291385","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/XTHwKkHIZss?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nIs winter a bad time to sell your property? Common knowledge and experts say it is a bad time, but the data tells a completely different story altogether.\\n\\nA lot of experts say that winter is the worst time to sell your property, with spring being the best. But is winter actually a bad time to sell your property? Is this idea based on fact or is it just something that people believe, but isn\'t actually true? There are a lot of preconceived notions around the best time to sell your property. A lot of people believe that spring is, by far, the best time to sell your property because your garden is going to look nicer, the light in your property is going to be better, it\'s warmer, it\'s nesting season.\\n\\nThere are a lot of reasons that people give for why spring is the best time to sell your property. They also say that summer can be a good time as well because, obviously, it\'s very sunny, it\'s very nice. And they say that winter is a bad time to sell your property because it\'s darker, it\'s colder. For some reason, they believe people aren\'t buying properties in winter.\\n\\nThis belief or preconceived notions around winter being a bad time to sell your property. However, I wanted to discover whether it\'s actually true so I got in contact with Jeremy from dsrdata.com.au who\'s my go-to guy when it comes to data and research about an area or about the Australian property market. We\'ll definitely be talking about his website, dsrdata.com.au, which is great for doing research.\\n\\nHe sent me this graph, which is the average DSR+ country-wide. So DSR+ is a figure of demand-to-supply ratio that pulls in a lot of different statistics. I think it\'s over 15 or 20 different statistics, could be even more, to understand what the demand versus the supply for an area is. If we\'re looking at winter is a bad time to sell your property, for me, a bad time is when there\'s supply but there\'s no demand to buy your property so things are going slow. And so, we want to see a dip in winter in terms of demand-to-supply ratio.\\n\\nNow, 50, if you can see the graph, if you\'re watching the video, if not, I\'ll describe it to you. 50 is the equilibrium or the theoretical median where demand is actually equal to supply. And so, for the majority of the time since 2010, average demand versus supply has been over 50 and we saw a drop in 50 around 2011, 2012 and then growth in the demand-to-supply in 2013, 2014, 2015.\\n\\nWe\'re looking at this graph and what we would like to see is dips where it says "7" because this is July and so, "7" and then after July or slightly before it, slightly after it, so June, July, August. And so, 2010, there\'s no dip in winter, it\'s just flat. If we look at 2011, then it does dip in winter, but it actually ends up at its lowest point in summer. So it\'s dipping in winter, but also dipping through spring, lowest point in summer.\\n\\nOkay, we\'re then going to 2012 and we see this massive spike in demand-to-supply ratio in 2012 and then a dip in I think that\'s August there, but then it kind of levels off across spring. We\'re then seeing in 2013 a rise. And if we look at winter here, we can see a tiny dip, but then it continues to rise. If we go across to winter 2014, then we can see, just before winter, it has gone up and then kind of stayed steady across winter, dropping in spring and summer. And then, 2015, where it\'s steady in winter as well.\\n\\nSo we\'re not seeing a drop in winter that we can compare to summer or we can compare to spring and say that this is different.'