Thursday is the most popular day for agents to debut new homes, and the homes listed on that day apparently sell faster, according to Redfin, a real estate brokerage agency. What do you think? Do you think the day of the week you publish can have a big impact? Houses listed on a Thursday tend to be pending faster than any other day of the week, all other things being equal. Those that go on sale on a Sunday tend to stay in the market longer, eight days longer than on Thursdays. Saturdays and Mondays are only marginally better homes listed on any of those days, usually taking seven days longer to sell than homes listed on Thursdays.
Jeff Knipe, President of Knipe Realty in Portland, Ore. “With the market as competitive as it is today, this time strategy gives sellers the best opportunity to see multiple offers on their home, in my experience,” Knipe said. Thursday listings, which is the best day to list a home, are also more likely to sell for more money. Zillow research shows that homes listed on a Thursday are more likely to sell above their sale price than those listed on any other day of the week, while homes listed on a Saturday or Sunday were the least likely to sell above the list.
In today's market, where half of the houses sell in a week, a few days can make a difference. Sellers may have already realized nationally, 21% of homes are listed on Thursdays, which is more than any other day of the week. The smartest sellers are in Seattle and Portland, Ore. Only 13% of homes are listed on a weekend, which is less than any individual day of the week, ii In addition to consistent demand and low inventory, increased adoption of real estate technology is likely to have played a role in seasonal housing trends that have become less impactful.
Shoppers can more quickly narrow down their rain or shine options, freeing them from having to wait for the traditional weekend open house and potentially challenging the elements to do so in the winter. A large majority (79%) of Americans say they would like to use virtual tours, such as Zillow's 3D Home tours, when buying a home. Sellers looking to sell quickly can take advantage of these tools, as well as ads with a Zillow 3D Home tour that sell, on average, 10% faster than ads without it. This graph describes by geographical area the best day to sell a house.
A federal judge in Missouri this week rejected a motion by the NAR and several of the country's largest brokerage agencies to compel arbitration in a class action lawsuit on behalf of hundreds of thousands of people who have sold their homes. Homeward founder Tim Heyl talks about new trends in financing, why teams don't compete for brokers, and innovation in the real estate industry. In today's competitive housing market, the time it takes to sell a home is measured in days, not weeks. Depending on the day of the week you list a home for sale, you may have better luck selling it, new study suggests.
In fact, December and January are known as the months for homebuyers looking to get a deal because homes sell for less in these months. This doesn't mean you can't sell your house if you accidentally list it on the wrong day, but paying attention to the most popular days can benefit you a lot. Studies have been conducted on the best days to list and, in fact, they have found that homes listed on Thursday sell faster. .
