Why listing a home in the first week of April may up your price

Homes sell faster, and for more, in early April than at any other time of year, according to Realtor.com

TRD NATIONAL /
Mar.March 31, 2019 09:00 AM

Homes listed between April 1 to 7 typically get 14 percent more online views (Credit: iStock)

Anyone who lists a home for sale within the next week is no April fool.

Data from the National Realtors Association’s Realtor.com claims sellers get the highest price — and close in the least number of days — when their listings went live in the first week of April, CNBC reports.

Specifically, homes listed between April 1 to 7 typically get 14 percent more online views; close a sale six days sooner; and command prices that are 6 percent higher than homes sold in January. The data also shows that the number of homebuyers searching for their dream deal surges in April while the number of listings doesn’t peak until later in the year, which means less competition.

According to CNBC, April’s strong results line up with the school year because families, who often buy larger, pricey homes, want to move in the summer.

The report comes as mortgage rates fall and the Federal Reserve claims it won’t raise interest rates for the rest of the year. [CNBC] – Mike Seemuth


Related Articles

arrow_forward_ios
Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

136 Clinton Avenue (Credit: iStock)

How to sell a haunted listing

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

arrow_forward_ios