A recent study has shown that homeowners who are looking to sell their properties may want to consider listing them during the week of April 16 through 22. According to the study, this week in early Spring is the best time for homeowners to get the highest price for their homes, with the potential of gaining up to $48,000 more than if they sold at the beginning of the year. The study found that during this week, home prices, faster sales times, and strong buyer demand are at optimum levels, resulting in a 1.2 percent higher price for homes than the average week throughout the year.
Butch Leiber, the president of Phoenix Realtors, agrees with the study’s findings and recommends early Spring as the best time to sell in Phoenix, Arizona. However, Lisa Rainis, the executive manager of sales for Douglas Elliman Real Estate in Boston, believes that any time is a great time to sell. However, she notes that the Boston area has almost zero inventory, and mortgage rates need to stabilize this Spring.
Best Time to Sell Your Home
In Seattle, Village Homes and Properties’ president, Dean Rebhuhn, notes that market activity is dependent on several factors, including interest rates and inventory. Therefore, while the study’s findings are helpful, they may not be universally applicable to all areas or markets. Homeowners should keep these factors in mind when deciding when to list their properties for sale.
Seattle is also experiencing a surge in people relocating from other states. Rebhuhn noted that most of these buyers are coming from California, Oregon, and New York.
Overall, the current real estate market is one of the strongest in recent history, with high demand from buyers and low inventory of homes for sale. Homeowners who are looking to sell should take advantage of this market by listing their homes during the optimal time, which appears to be the week of April 16 through 22.
Strong Buyer Demand and Faster Sales Times in Early Spring
While the real estate market may vary depending on the region, the overall trend seems to be a seller’s market, with homes selling quickly and for higher prices. This is especially true in areas like Phoenix, where affordability is a key factor driving migration.
However, even in areas with higher home prices like Boston and Seattle, there is still strong demand for housing and a lack of inventory, which is leading to bidding wars and over-asking offers. With interest rates expected to remain low, the real estate market is poised to remain strong throughout the year, making it a great time for homeowners to sell.
Overall, the week of April 16 through 22 presents a unique opportunity for homeowners looking to sell their properties. According to a recent study by Realtor.com, homeowners who list their homes during this week could earn up to $48,000 more than if they had listed earlier in the year. The study found that a combination of higher prices, fewer homes on the market, faster sales times, and strong buyer demand converge during this period, making it the ideal time to list a home for sale.
This year, the week of April 16 through 22 has received 32.5 percent more views per listing than the average week, according to the report. Additionally, homes listed during this week tend to sell 18 percent faster than homes listed during other times of the year. Danielle Hale, chief economist at Realtor.com, said that early spring is a popular time for home shoppers to start their search, and sellers who list their homes earlier in the year are more likely to attract buyer attention and sell quickly for a higher price.
Realtors Weigh in on Ideal Selling Times in Different Markets
According to Butch Leiber, president of the Phoenix Realtors in Arizona, this early spring period is an excellent time to sell a home. He cited the influx of “snowbirds,” or individuals who travel to the Phoenix area seeking second homes during the spring, as a significant factor in the city’s booming real estate market. The influx of buyers from California, Seattle, and Chicago has also contributed to the city’s median home sales price of $450,000.
Meanwhile, Lisa Rainis, executive manager of sales for Douglas Elliman Real Estate in Boston and the surrounding area, noted that almost any time is a good time to sell in the Boston market due to low inventory levels and a thriving luxury real estate market. Rainis reported that a $4 million property in Wellesley was on the market for only three days before receiving several offers, and many sellers are still receiving over-asking prices.
In Seattle, Dean Rebhuhn, president of Village Homes and Properties, noted that the city’s real estate market is driven by demand from work-at-home couples, young couples looking to start families, and older couples looking to downsize. He reported seeing 17 offers on a home priced at $550,000, even though it needed significant upgrades.
Overall, the week of April 16 through 22 presents a unique opportunity for homeowners to sell their properties quickly and for a higher price than if they had listed earlier in the year. The convergence of factors such as higher prices, fewer homes on the market, faster sales times, and strong buyer demand make this early spring period the optimal time to list a home for sale.
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