The Magic Month
Everyone has a different opinion about when to put your home on the market, but now Zillow has determined — down to the day — exactly when you should be sticking a "for sale" sign in the yard.
May 1-15 is the ideal timeframe for Dallas-Fort Worth, which matches up with the national average. Listing your home in those two weeks will results in it selling nine days quicker, and for $2,400 more, than any other time of the year.
Really want to maximize your listing's exposure? Go live on a Saturday. That will earn you an average of 20 percent more views in the first week on market than if you listed earlier in the week.
"With 3 percent fewer homes on the market than last year, 2017 is shaping up to be another competitive buying season," says Zillow chief economist Dr. Svenja Gudell in a release. "Many homebuyers who started looking for homes in the early spring will still be searching for their dream home months later. By May, some buyers may be anxious to get settled into a new home — and will be more willing to pay a premium to close the deal."
Even though the findings may seem obvious, Zillow nonetheless dug through historical listing, sale, and Zestimate data of single-family homes and condos between 2008 and 2016 to calculate how listing dates influence the time on market and final sale price.
And while DFW mirrors the U.S. as a whole, not every big city prefers a Saturday in early May. Bostonians, for example, like to get their home shopping done on a Wednesday in late April, and homebuyers in Miami-Fort Lauderdale are ready to go by early March. Texas' milder weather patterns give us more flexibility to list, because our lack of a distinct climate change shows little variation in sale price based on the listing month.