Friday is the best day of the week to sell a home. Homes listed on Friday sell for 99.1 percent of their original asking price, a higher percentage than homes listed on any other day of the week, according to a study by real estate broker Redfin, which analyzed more than 500,000 home listings and sales records.
The best month to sell? April, according to the analysis. Homes sold in April tended to sell closer to their asking price. In April, homes were found to sell for a 99.2 percent sale price-to-list ratio, compared to a 97.3 percent ratio of homes listed in December.
Springtime is still a good time to sell for a higher price and also in the fastest time too, according to the study. Homes tended to sell within 90 days of being listed during March through June, according to the study.
Redfin also found that pricing the home competitively from its debut is critical because that’s when it’ll receive the most traffic. I call this span of time the “Honeymoon” period. During the first week a listing debuts on the market, it receives nearly four times more visits on real estate Web sites than it will a month later.
While area inventory remains dehydrated along with the above information it just might be the perfect time of year to consider selling your home.
Sheri Aguilar is the president of the Lodi Association of Realtors and can be reached at Sheri@YourLocalAOR.com