PSA: This Is the Best Day to List Your House for Sale

·2-min read

When it comes to selling a home, most people agree that making a quick sale at or above the asking price is ideal. Sadly, as most sellers know, that doesn't always happen. But could the date or timeframe in which you list actually help your sale? According to a recent study by Zillow, it could.

A look at data from 2019 (the last full year of data that is reliable and consistent with pre-pandemic trends) shows that homes listed on Thursdays typically sell faster than those listed on any other day of the week. And it seems that many sellers have already caught on—21% of homes sold nationally are listed on a Thursday, which is a higher percentage than any other day of the week. Conversely, homes listed on a Sunday tend to stay on the market for up to eight days longer on average than homes listed on Thursday. So, if a quick sale is what you're after, it's best to get ahead of the weekend.

According to Zillow, the season in which you list your home can also impact your sale. Traditionally, Labor Day signals the end of the home-buying season. Because many parents aim to be settled in a new home before the start of the school year, homes listed in early to mid-fall tend to sit on the market longer, with activity slowing even more ahead of the holiday season. Across the nation's twenty-five largest markets in 2019, the speediest sales came between the weeks of March 11th and March 18th, while homes listed during Labor Day week sold more slowly than other weeks.

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If securing a higher rate for your home is more important than a quick sale, listing in the spring or summer months is a good idea. In 2019, listing during the week of April 22nd gave sellers the highest chance of selling above the asking price. As fall comes around, sellers are least likely to maximize gains.

Of course, each local real estate market trends differently, so ultimately, you should list your home when it makes the most sense for your family. But if you are considering selling your home soon, Zillow recommends trying to beat the "fall stall" by getting your home on the market this summer. If you're having trouble selling it at first, they also suggest cutting the price. "Sellers who cut their asking price 15-30 days after their home is first listed often sell it for more than their initial list price," says a rep for the company. Things like highlighting the kitchen or including a 3-D home tour to the listing can also help secure a sale.

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