Canberra homeowners choosing to sell in November achieve the highest prices, according to the PropTrack Market Insight Report, which will be released tomorrow.

The report found that November is the best time to sell. Sellers in Canberra achieve prices 1.65 per cent higher on average, according to an analysis of selling prices.

On an average property value in Canberra of around $900,000, this represents more than $14,000 in higher returns for sellers, but it equates to much more for higher value properties.

Across the country, most markets observe the seasonally highest prices in spring, which coincides with the most market activity.

Sellers also achieve high prices in March – both November and March typically record the highest level of buyer activity.

The lowest seasonal prices are recorded in June and July, when the market is typically quieter.

“Based on an analysis of selling prices from 2013 to 2022, the best time to sell a home is November, when prices are 0.8 per cent above average,” PropTrack senior economist and report author Paul Ryan said. “This also coincides with the peak of the spring selling season, when buyers are out in droves.

“This represents more than $6,000 on the average property sale of around $800,000 nationally, but can equate to much more for higher value homes.

“The best-selling outcomes are achieved in October or November in most regions. This is also when buyer activity ramps up. The start of the calendar year’s selling season over February and March also corresponds to seasonally higher prices.

“Home prices nationally are already back at their peak after nine months of consecutive growth. With the spring selling season underway and November – the best time sell – approaching, it’s likely ongoing price growth combined with a seasonal boost will benefit many sellers over the next few months.”