Yes. There is seasonality in residential real estate and the time is NOW. We are at the peak of the real estate selling season. May, June, and July are the peak months in our St. Louis metropolitan area. I looked at closed transactions over the past five years and discovered that June has 32% more closed sales than an average month. Remember, a closed sale typically occurs 40-60 days after an offer has been accepted, which means contracts written in mid-May produce the closed sales at the end of June, and contracts written in June close in late July.
As we say in real estate “time is of the essence.”
