Homes listed in the first week of April get 14 percent more online views and are likely to sell six days faster than during the rest of the year.
Timing is everything, especially in a housing market that has been less than dependable lately. So if you want to get the best price for your home in the shortest amount of time, you'd better list it next week, at least according to realtor.com.
Homes sold in April are also priced 6 percent higher than those in January. According to the most recent pricing data, that could mean an additional $17,000 for sellers listing the typical home prices around $306,000. One caveat is that realtor.com is looking at average prices and does not take into account the type of homes for sale at different times of year. Larger, more expensive homes tend to be listed in the spring because families like to move over the summer, during school vacations.
The number of buyers jumps dramatically in April, but the number of listings doesn't peak until a little later, so there is less seller competition. The average list price in June is higher than April, again as larger family homes are being listed during school vacations, but there are fewer buyers, which increases the chance for a price reduction, although not by much.
Of course all real estate is local, and locality can impact timing. The best time to list in New York, Chicago and Dallas is March 31, according to realtor.com. In Atlanta and Seattle, it's April 7. In Los Angeles and Boston, it's April 14. In Phoenix and Tampa, it's early June.
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