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

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
Project Renewal CEO Eric Rosenbaum, Attorney Adam Leitman Bailey and 27 West 11th Street. (Google Maps, Facebook via Project Renewal, Bailey)
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
REBNY's James Whelan, Sen. Brad Hoylman and Assemblymember Emily Gallagher (Getty, Whelan via Anuja Shakya)
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
REBNY's James Whelan with Sen. Julia Salazar and Sen. Jabari Brisport (Getty, Brisport via Jabari for State Senate, Whelan by Anuja Shakya for The Real Deal)
It’s back: Lawmakers propose ban on broker fees
It’s back: Lawmakers propose ban on broker fees
Exterior and amenities of 85 Jay Street in Dumbo. (Front & York)
Two Brooklyn homes asking $8M go into contract
Two Brooklyn homes asking $8M go into contract
740 Park Avenue and 24 Leonard Street (Google Maps)
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
(Getty)
Where the lawsuits challenging NY’s 2019 rent law stand
Where the lawsuits challenging NY’s 2019 rent law stand
Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)
Steven Mnuchin’s $26M home finally finds a buyer
Steven Mnuchin’s $26M home finally finds a buyer
Robert Millard and 9 East 88th Street (MIT Corp, Google Maps)
Former Lehman exec lists Carnegie Hill mansion for $38M
Former Lehman exec lists Carnegie Hill mansion for $38M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...