Monthly Archives: May 2019

When Is the Best Time to Sell?

Is There a Best Day and Time to List Your Home? There Is, You Will Be Surprised

You’ve heard the old cliché, “Timing is everything.” However, in real estate, it’s a universally known truth. And real estate selling requires some pretty specific timing to ensure new listings are spot on, center-stage. In fact, listing a home on a specific day of the week – and a particular time of day, can help it sell faster and for more money. What is this magical combination?

It’s Not the Weekend

Listing a home for sale on Saturday may seem like the ideal plan: When potential buyers are off and able to peruse new listings. But post-print, this is no longer the case. Sunday is actually the worst day to list, according to a recent survey from Redfin. (Sorry, old-school Sunday paper aficionados.)

Buyers Like to Plan Ahead

Using a 2017 sample of 100,000 homes and looking for relative advantages, the Redfin study identified Thursday as prime time for listing. Why is real estate selling so grand on such a weird day of the week? Buyers like to look at potential homes on Thursday to plan their weekend shopping.

What About Wednesday?

Listing homes on Wednesday also has advantages, with Wednesday listings raking in an additional $2,023, on average. For maximum exposure, however, many still prefer Thursday, at 5 p.m. to be precise. Why? For maximum exposure, as early Thursday listings could end up on Page 2. New Thursday listings get 5-times as many views on that first (Thurs)day than on subsequent days, with many listing portals providing buyer alerts on new potential homes.

How Big of an Advantage Are We Talkin’?

Homes listed Thursday sold 5 days faster on average, and were more likely to sell within 90-180 days. Thursday listings also allow looky-loos to schedule time for traditional Sunday open houses (for those not relying solely on video tours to make faster, competitive offers).

Timing off? Get the real estate selling tips you need with the help of PropertiesOnline today.

Forbes Says May May be the Best Time to Sell

Forbes Says Statistically May is the Best Time to List a Home

Spring has sprung, and with it, homebuyers come out of the woodwork. A study by ATTOM Data Solutions recently revealed May is statistically the best time to sell a home. How will this affect real estate trends?

At a Premium

Homes listed in May from 2011 to 2017 reaped the largest premiums above market value, at 5.9% above any other month. Though sales in earlier months reap less of a reward, however, those willing to list earlier enjoy less competition.

May sales don’t take the cake, however. The highest premiums are on a single day of the year, June 28th, where market values an average of 9.1% higher. Other top days include February 15th, May 29thand 31st, and June 21st, with premiums between 8.1-9%. Keep timing in mind, however. Homes selling during these times are typically listed prior to sale. 

Timing is Everything 

Though April, May, June, and July are peak listing times for most markets, real estate trends vary from market to market, with some cities bucking the national trend. To ensure a faster selling time and fewer lowball offers and price cutting requests from potential buyers, listing in April is a strong alternative to May. This timing also allows for a May sale and escrow closing in June. If you waited slightly longer, you might make more, but it may also take longer to sell. 

Timing Stats 

Realtor.com statistics show 29 out of the 50 top metros nationwide hold a peak listing date of April. As buyers come out of hibernation in the spring, April listing leading to May sales garner:

> 14% more views.

> 5% less competition, as most buyers wait until still is out to list.

> Sales 6-days faster.

> 6% higher sales price ($17k on average).

Don’t let peak sales times pass you by. Prepare yourself, potential sellers, and buyers to make the most of upcoming real estate trends with the help of Properties Online today.