Listing Your Home in the Early Part of This Month Can Net You an Extra $1,600
Selling your home? Or, more accurately, perhaps,trying to sell your home? It may be in your best interest to list your digs in early May, or so says an analysis from Zillow, the popular online real estate database company.
According to their research, listing your home in early May can yield you $1,600 more and make your home sell six days faster than average. The company alayzed 35 large markets and found that for 29 of them, the best two-week window for listing homes was between the second half of March and the first half of June. (Las Vegas and five Southern markets were exempt from this finding: For Charlotte, Dallas, Houston, Miami, and Tampa the first two weeks in July proved ideal for listing a home.)
"Sellers time their listings to optimize their sale in all sorts of ways," said Skylar Olsen, Zillow Director of Economic Research and Outreach in a company press release. "Some need to time the sale just right to manage their own synchronized home purchase. Others are seeking to get the highest sale price possible. Balancing these two common priorities suggests that an early May listing date is your best bet, but working with an agent who can weigh the local market and your unique priorities is still our lasting advice."
Interestingly, listing your home on a Saturday may also have a positive impact on selling your home. Zillow found that properties listed then get the most page views in the first week after they're posted, and 20% more views than listings posted on Tuesdays, which get the fewest page views.
Even though Saturday and early May appear to be "sweet spots," it's worth noting that the best day of week and time of year to list your home varies by regional markets. Read the full press release and sales premium breakdown by market here.
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If you're considering selling your home, be sure to check out this realtor tip on the one thing you should do before potential buyers visit. Now, time to start daydreaming about what we'll do with that extra cash in our pockets.