Press release
Get Ready - The Best Time to Sell is April 16-22, according to Realtor.com®
Homeowners who list that week will experience the best combination of market conditions and could get $48,000 more for their home than the start of the year
About this update from News Corporation
[{"type":"text","content":"Homeowners who list that week will experience the best combination of market conditions and could get $48,000 more for their home than the start of the year\nSANTA CLARA, Calif., March 15, 2023 /PRNewswire/ -- While it's nearly impossible to time the real estate market, there is one week that is most likely to get home sellers the best possible outcome, according to Realtor.com®. Nationally, homeowners who list the week of April 16-22, 2023 will hit the sweet spot in terms of the best combination of higher prices, fewer homes to compete against, faster sales time and strong buyer demand. A recent survey from Realtor.com® and HarrisX found that 60% of home sellers took up to 3 months to get their home ready to list, so for homeowners who have been making preparations, listing during that crucial April week could get $48,000 more for their home than they would have at the start of the year.\n\n \n \n \n \n \n \n\n \n\"Many home shoppers kick off their search in the early spring and they often beat the majority of home sellers to the punch,\" said Realtor.com® Chief Economist Danielle Hale. \"For this reason, sellers who list on the earlier side will get more buyer attention and therefore be more likely to sell quickly and for a higher price.\"\nWhy is April 16-22 the best time to sell?While mortgage rates are expected to remain elevated through 2023, for-sale inventory is still well below pre-pandemic levels, so sellers can still expect well-priced homes to be in high demand. Those looking to take advantage of seasonal market trends should consider getting ready to list April 16-22, which is anticipated to have the best mix of market conditions for sellers, including:\nHigher prices – Homes listed during this week have historically had prices 2.1% higher than the average week throughout the year, and are typically 12.1% higher than the start of the year. If 2023 follows the typical seasonal trend, the national median listing price could reach $8,400 higher than the average week, and $48,000 more than the start of the year.Strong buyer demand – The more buyers looking at a home, the better, as the home is likely to get more offers and sell quickly. Historically, this week garnered 16.4% more views per listing than the typical week, but in 2022 this week got 32.5% more views per listing than the average week, as buyer demand dropped...