In competitive markets, home sellers cannot afford to be sloppy with details. A well-thought-out and executed listing strategy, that includes a plan to list at the right time, is critical in maximizing a home’s price and time on the market. So, when is the best time to put your home on the market? While the best timeframe may vary by region, according to many sources, generally speaking, the best time of year to list a home is between the months of March and April.
Furthermore, statistics indicate that homes sell faster and for more money in early May. This may be due to several factors including inventory supply, competition, and homebuyers’ agenda. For example, many homebuyers may be anxious to buy their new homes and get settled before the school year begins in the fall. Often, these buyers are willing to pay more to seal the deal sooner.
Even the day of the week chosen to list could matter! Some found that homes listed on Thursdays are more likely to sell faster and above list price. This is because potential buyers are getting ready to shop over the weekend. Listing on Saturday, Sunday or Monday are the worst times.
If you’re thinking about buying or selling a home this spring click here to read how I make my listings stand out above the competition.