"Because the market is so competitive right now, most homes will receive plenty of attention regardless of when they're listed. But sellers can still maximize their potential profit simply by listing in the middle of the week, which gives potential buyers a few days to see the home, talk to their agent and set up a showing for Saturday or Sunday," said Redfin Chief Economist
Putting a home on the market on a Friday or Saturday means potential buyers may have already filled their weekend with other home tours. That's especially important during the pandemic, when it's more likely that buyers and their agents are required to book individual appointments to tour homes. And listing on a Sunday or Monday means buyers may lose interest before the following weekend.
Homes that hit the market midweek in
Homes listed in the middle of the week also sell faster than homes listed on the weekend
Additionally, homes listed for sale midweek sell for an average of 1.6 days faster than homes listed on the weekend. In terms of speed, the advantage of listing midweek is biggest in
The advantage is smallest in
Price your home right the first time to maximize online views
Listings of homes for sale get 64% more views the day they first hit the market than the day after a price drop. For example, if a home listed for sale gets 100 views its first day on the market, it would get 61 views the day after a price drop.
Sellers shouldn't overprice their homes, even if most homes in their area are selling for higher than their asking price. If the home doesn't go under contract within a reasonable time and the seller has to drop the price, fewer potential buyers who are searching within the home's new price range will see it.
"I'm advising sellers not to overcompensate for the hot market by overpricing their home," said
To read the full report, including charts with metro-level data, please visit: https://www.redfin.com/news/tips-sell-home-more-money
Redfin (www.redfin.com) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we've saved customers nearly
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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Redfin Journalist Services - Angela Cherry, 913-638-8249, firstname.lastname@example.org