There are many factors to consider when selling your home. It may feel overwhelming, but several details can contribute to the time a property spends on the market and the final sale price. When deciding when to list your home, factors such as your location, real estate market conditions, and availability and expectations are important to consider. Another important aspect to consider is the day your home is listed on the real estate market.
What is the best day to list a house? An experienced real estate professional can offer valuable insight to create a successful listing strategy, helping you reach your goals in the process. Selecting the right day to list your home for sale can lead to increased interest from possible buyers. While each seller, property, and situation is unique, there are several components that typically influence the best day to list a home.
DOES THE DAY OF THE WEEK WHEN YOU LIST YOUR HOME FOR SALE REALLY MATTER?
Not all real estate agents agree that the day a listing is made impacts the success of a sale. Typically, the first day that your listing is made will get four times more traffic than any other day of the week. While not all real estate professionals agree that the day a listing is made impacts the success of a sale, some swear it makes a significant difference in their client’s success. A real estate professional can advise you when the best day to list your home will be based on local market conditions, the climate, and your personal situation.
THURSDAY REIGNS SUPREME
Thursday is the most popular day of the week to list your property for sale. Nearly 40% of realtors advise their clients to post their listings on Thursday. Some realtors even suggest getting more specific with your timing strategy and making the listing before 9:30 AM. Real estate professionals who agree that the day of listing makes a difference in the sale come to a consensus that Thursday is the best day of the week to list a home.
LISTINGS ON THURSDAYS CAN LEAD TO A FASTER SALE
Thursday listings are a great setup for weekend showings. A Thursday listing minimizes the time between the initial listing and a weekend open house. A shorter time between the listing and showings often facilitates a faster sale. When a listing is made on Thursday, it allows time for interested buyers to schedule showings on Friday, Saturday, or Sunday.
Eager prospective buyers can take a look at the home and get a jump on those who are not available until the weekend. Unlike listings on earlier weekdays, a Thursday listing is late enough in the week that those who prefer a weekend viewing are not at a severe disadvantage in comparison to weekday visitors.
LATER LISTINGS RETURN HIGHER SALE PRICES
Thursday and Friday listings have contributed to more profitable sales. Homes for sale that were listed on a Thursday are most likely to result in a higher sale price than the initial listing price. In general, it seems that properties listed on Thursdays and Fridays were sold closest to the asking price. Listings made later in the week feel more new and novel in comparison to listings made on a Monday or Tuesday. For instance, Friday listings are fresh in the minds of potential buyers coming to weekend open houses. Listings made on Thursday and Friday resulted in more profitable sales than those with listings made on other days of the week.
WEDNESDAY IS A GOOD OPTION
Midweek listings share many of the same benefits as a Thursday listing. More realtors say that a Wednesday listing maximizes sales prospects, with some real estate professionals noting that there is a higher rate of traffic on their websites on Wednesdays and Thursdays. Listing your home on these days can increase web traffic to your home.
WHAT DAY OF THE WEEK DO PEOPLE BROWSE ONLINE REAL ESTATE?
Certain days and times of the week are more common for people to search for real estate online. Buyers are generally most active on real estate websites on Tuesdays at 8 p.m., indicating that interested individuals are searching sites after work before going to bed. In contrast, Friday evening is the least active time for people to look at real estate websites. It is likely that interested buyers already have their weekend real estate plans arranged, such as scheduled open houses or private showings. While not all online house hunters may seriously consider your property, some viewers could be future buyers. Understanding the behaviors of potential buyers can help you maximize the success of your sale.
ARE THERE OTHER TIMING ASPECTS THAT IMPACT HOME SALES?
Another major consideration that can impact the success of your home sale is the time of year that you decide to sell. In general, spring is the best time to sell a home. For instance, in past years, sales increased by 34% between February and March. Summer can also be a profitable time to sell your house. Up to 40% of all annual home sales happen in June, July, and August. Similarly to the day of the week that you list your home, the best time of year to sell varies since each seller and property is different. The time of year you list your home can play a role in the profitability of the sale and the time that the property spends on the market.
READY TO CONNECT TO AN EXPERIENCED PROFESSIONAL TODAY?
Brandon Carney is a real estate agent specializing in Virginia Beach, Norfolk, and Chesapeake luxury real estate. He is dedicated to providing his clients with top-tier services, offering help with a variety of topics, from listing a home to negotiating with buyer’s agents to navigating the tricky waters of closing day. Contact Brandon today to list your home!
