Thursday is the most popular day for agents to post new ads, and homes listed on that day apparently sell faster, according to Redfin, a real estate agency. Sellers may have already become popular nationwide: 21% of homes are listed for sale on a Thursday, more than any other day of the week. The smartest salespeople are in Seattle and Portland, Oregon. Only 13% of homes appear for sale on a weekend, that is, less than any single day of the week, ii.
If you're interested in selling your Norfolk home quickly, the month of May is perhaps the best time to do so. List your home on a Thursday to increase the chances that it will sell faster and for more money. In today's competitive housing market, the time it takes to sell a home is measured in days, not weeks. There is also a buyer mentality that anyone who wants to sell a home during the winter must be really desperate.
Considering how much Virginians value their homes, you'd be hard pressed to find someone willing to spend December trying to buy or sell a home. Nationwide, the best time to sell a home is March if you're trying to sell quickly, while the best time to maximize profits is July. Elmer Morales, a HomeLight Elite agent who is several hours south of San Bernardino, California, also prefers to make his list earlier in the week to have time to anticipate the open day. Zillow research shows that homes that trade on a Thursday are more likely to sell above their retail price than those that trade on any other day of the week, while homes that trade on Saturday or Sunday are the least likely to sell above the list.
The Zillow homeowners panel is the fastest way to find out which month is the best month to list a home in your area and calculate the selling price of your home now. According to Donnell Williams, president of the National Association of Realtors, this may not be a bad time to sell your home in today's environment of historically low mortgage rates and limited housing supply. Of course, seasonality isn't the only factor to consider when deciding if the time is right to sell your home. Depending on what day of the week you list a home for sale, you may have better luck selling it, a new study suggests.
Zillow research also shows that Thursday ads are 1.5% more likely to sell above the asking price, while homes listed on Saturday or Sunday were 1.3% less likely to sell above the list. On the other hand, the worst time to buy a home is during the spring season through early summer, when housing inventory is high, driving up demand and home prices.
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