Listing a home on a Thursday in late April is the best time to list a home according to a new analysis released by Zillow on Thursday.
In general, homes listed on any Thursday can sell for roughly $1,100 more.
According to the analysis, homes listed for sale during the second half of April can expect to sell for 2.8% more or roughly an additional $9,300 on the typical U.S. home. In April, home listings get more than 30% more page views per day than the yearly average, according to Zillow.
The analysis also found that the first two weeks of November are the worst time to list a property. Homes listed during this period can potentially see a 3.5% sale price discount.
“With inventory as low as it is, home sellers can expect a quick sale pretty much year-round,” Zillow economist Nicole Bachaud said in a statement. “Even as frantic buyers are snapping up homes days after they hit the market and often bidding them up above list price, there is still value to be had by listing a home during the right time of year, which is in the spring in most cases.”
Nationwide the difference between the periods with the fastest sales (late January through April) and the slowest sales (August) was only three days in 2021, compared to 12 days in 2019. However, the report found that listing a home for sale in the spring still yields the best results. Before the pandemic, listing during the best or worst time could impact a sale price by about $12,500. Now that difference is up to $21,000.
While nationally, the sweet spot for listing a home is in April and May, there are a few outliers. If 2021 trends are true again this year, among the 35 largest metro areas, San Francisco, San Jose, Portland and Austin would have seen the best time to list a home to be as early as the second half of February and Los Angeles won’t reach its ideal time to list until late December.
