Selling Your House? This Is Exactly When You Should Put It On The Market
May 2, 2018
Home sellers will want one of these signs in their front yards by mid-May.
April’s showers will bring May flowers — and the best time to list a home.
The best two-week period to put a home on the market is May 1 through May 15, according to a new study by real-estate website Zillow ZG, +2.38% Based on an analysis of 24 of the nation’s largest markets, homes listed during that time period sell on average two weeks faster and for $2,400 more.
Generally speaking, late spring will be the best time to sell this year because of the prevailing market trends, Zillow argued. This spring is shaping up to be the most competitive spring home buying season since the Great Recession — consequently, by late spring buyers may be more eager to get into a home if they’ve already suffered through multiple failed bids.
“As they linger later into the season, these buyers may end up spending more than they intended as they get wrapped up in competition and/or rush to conclude a deal before the summer months,” Zillow’s report stated. “This means late-spring listers can capture these perhaps frustrated buyers more quickly, and earn an additional premium.”
Original article found at: https://www.marketwatch.com/story/selling-your-home-this-is-exactly-when-you-should-put-it-on-the-market-2018-03-29