Nov 28, 2011

Is there a Best Day to put your home on the market?

The day of the week you list your home may just have an impact on how well your home sells according to online brokerage Redfin. They've announced data to show whether putting your home on the market on a certain day of the week is correlated with sales success. The data comes from more than 1 million listings spread throughout the nation over almost 2 years. Here is what they found:
  • Homes listed on Sunday get marginally more online views.
  • Homes listed on Friday are toured 19% more.
  • Homes listed on Friday or Thursday sell for slightly closer to original list price.
  • Homes listed on Friday are 12% more likely to sell in 90 days.
The "Friday sweet spot" Redfin suggests is connected to the idea that since Saturday and Sunday have 2.5 times as many tours per day than Monday to Friday, homes listed on Fridays are the freshest in buyers' minds. For a more detailed look at the numbers, check out Redfin's full report here[where: 75230]

1 comment:

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