Study Reveals: Mid-April Reigns as Optimal Time for Home Sales

SUSAN KOSCHALK April 5, 2024

Are you planning to sell your home? Timing could be everything! According to a recent study by Realtor.com, the week of April 14th to April 20th emerges as the prime window for sellers to maximize their profits. National conditions during this period are expected to yield higher listing prices, heightened buyer demand, and quicker sales – all favorable for sellers looking to make a move.

Why Mid-April?

Above-average Prices: Homes listed during this week historically fetch 1.1% higher prices than the average, translating to a potential $34,000 increase compared to the year's outset.
Heightened Buyer Demand: Expect a surge in buyer interest, with views per listing spiking by up to 22.8% compared to the year's average, signaling increased competition and faster sales.
Accelerated Market Pace: Homes typically spend 17% less time on the market during this week, thanks to heightened demand and limited inventory.
Reduced Seller Competition: With fewer sellers entering the market during this period, you'll face less competition and have a better chance of attracting serious buyers.
Minimal Price Reductions: Experience fewer price reductions during this period, ensuring you retain negotiating leverage and secure optimal terms.

Key Tips for Sellers:

Preparation is Key: Start prepping your home now to capitalize on the favorable selling conditions in mid-April. Aim to list when demand is highest and competition is lowest.
Seek Professional Guidance: Partner with an experienced real estate agent who can navigate market dynamics and help you achieve your selling goals.
Stay Informed: Keep an eye on mortgage rate trends, as they directly influence buyer activity. Utilize tools like Realtor.com® RealEstimate to gauge your home's value and market readiness.

Why Choose McGreevy and Comisar as Your Realtors?
With years of experience and a deep understanding of the local market, McGreevy and Comisar are dedicated to providing unparalleled service and expertise to their clients. Whether you're buying or selling, they'll go above and beyond to ensure a smooth and successful transaction. Trust McGreevy and Comisar to be your partners in real estate – contact us to get started! CLICK HERE