When is the best time to Sell your home?

According to Realtor.com, its the middle of April. They’ve said that this year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.

“The third week of April brings the best combination of housing market factors for sellers,” says Hannah Jones, Realtor.com® senior economic research analyst. “The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”
What makes the third week of April a golden opportunity? Historically, median home prices are about 1.1% higher than the typical week. Homes also cost about 10.4% more than they did earlier in the year.

This price bump translates into big bucks. A seller who takes advantage of the best week to list could collect about $7,400 more at the closing table than if they put their home on the market during a typical week. Plus, homes are expected to list for a median of $34,000 more than they did at the beginning of this year.

In addition to the extra cash, sellers can expect more buyers to see their homes on Realtor.com. Listings generally receive 18.4% more views during the best week to list than in the rest of the year. More competition might drive up prices as well, through bidding wars and offers over the asking price.

Homebuyers aren’t simply window shopping during this week either. Data suggests for-sale homes will fly off the market in nine days, or about 17%, faster than an average week.

“[Housing] inventory levels and price reductions climb later in the year,” says Jones. “But buyers eager to buy soon may find success earlier in the spring as the market starts to pick up.”

Ultimately though there really isn’t a bad time to sell in the Triangle area as we’ve had a strong Real Estate market for decades and even in the more quiet months (end of the summer), sellers have been able to take advantage of the limited competition in their market and gain strong attention to their home.