The Best Week Of The Year To Put Your House On The Market Is

Dated: 03/19/2019

Views: 357

Image title

Contact a GroupWatsonAgent TODAY for Professional Advice & Expert Direction.

Call or Email for a Pre-Market Consultation!
972.370.1775|BuyOrSell@GroupWatson.com


The Best Week Of The Year To Put Your House On The Market Is...


For the past few years, home sellers have been in the driver's seat. With hordes of buyers fighting over a very limited supply of properties, many homes sold in days—and landed their sellers a windfall. But lately, sellers have been getting nostalgic for the good ol' days as the market has slowed down, with residences taking longer to sell and some even having their price cut.

So sellers angling to unload their abodes fast—and for a boatload of cash—might pin their hopes on the first week of April. The week of March 31 to April 6 was deemed the best time to put a home on the market, according to a recent realtor.com® report. (The report looked at the 50 largest real estate markets in the nation over the past three years.)

In that week, homes are listed for an average 6% more than at the beginning of the year, totaling an extra average $17,000. They also receive 14% more views on realtor.com than at other times of the year. And they get 5% less competition (the most homes go up for sale in late spring) and sell about six days faster. Plus, they're 1% less likely to experience a price drop.

"Sellers have to think about the competition in a way they haven’t before," says Chief Economist Danielle Hale of realtor.com. "Getting ahead of other potential sellers could be even more of a bigger advantage this year given market conditions.”

To be clear: Prices aren't the highest in April. They typically peak around June, as buyers flood the market, hoping to close on a new property before their children go back to school. But sellers face less competition and homes sell quickly during the first week of April.

Low mortgage interest rates may also incentivize more buyers to get into the market rather than risk getting stuck with a higher rate later on. (Even a single percentage point increase can add more than $100 to a monthly mortgage payment.) Rates were expected to shoot up this year, but instead have hovered around 4.4% for 30-year, fixed-rate loans. They fell to 4.31% on Thursday, according to Freddie Mac.

"Home buyer demand is really sensitive to [mortgage interest] rates right now," says Hale.

By | Mar 14, 2019 Clare Trapasso is the senior news editor of realtor.com and an adjunct journalism professor at St. John's University. She previously wrote for a Financial Times publication, the New York Daily News, and the Associated Press. She is also a licensed real estate agent with R New York.

Want to know what your home could potentially sell for? Click here for an estimate.

GroupWatson is full service! We coordinate full make-readies, help stage, and professionally market your home so that YOU benefit. If you need assistance preparing your home to sell, contact us today. 

(972) 370-1775.

*GROUPWATSON'S FEATURED LISTING OF THE WEEK*
3104 Tropica Dr, Little Elm TX 75068


~Experience the GroupWatson Difference~

Image titleArticle originally posted on: https://www.realtor.com/news/trends/best-time-year-to-list-a-home/

Blog author image

Tammy Watson

Scott and Tammy Watson are the Owners and Team Leads for GroupWatson, Keller Williams. With 47 years of combined real estate experience, a "Client First Philosophy" is exemplified by providing excepti....

Latest Blog Posts

Video Doorbells And Privacy Maintaining A Balance

Advancing technology has played a large part in improving home security in recent years. This is due, in part, to the rising popularity of the Internet of Things, or IoT; these “Things” are

Read More

Real Estate Investing 101

So you’ve decided you want to invest in real estate. That’s great! It’s no secret that real estate is a great way to generate income without a whole lot of risk. As real estate agents, we work

Read More

3 Reasons You Need To Get A Permit

It all started with a shelf.You just bought your home and, though it needed a little surface work, you were pretty proud of it. It was yours, to do with as you wanted. So the first thing you did was

Read More

Interesting Facts About The State Fair Of Texas

Fall is FINALLY here in Texas, and that means it’s State Fair time! Just like the Lone Star State itself, the State Fair of Texas does everything BIG. Here are some fun and interesting facts about

Read More