While real estate agents are often (unreasonably) expected to have crystal balls that can predict the future, there is one thing most industry experts agree on: Spring is selling season And while it is near impossible to time the real estate market, realtor.com analysts say there is one week that is most likely to get home sellers the best possible outcome—and it’s just a few weeks away.
Nationally, homeowners who list the week of April 16-22, 2023 will hit the sweet spot in terms of the best combination of higher prices, fewer homes to compete against, faster sales time and strong buyer demand.
According to realtor.com and HarrisX, 60 percent of home sellers took up to three months to get their home ready to list, so for homeowners who have been making preparations, listing during that crucial April week could get $48,000 more for their home than they would have at the start of the year. Additionally, homes listed during this week have historically had prices 2.1 percent higher than the average week throughout the year, and are typically 12.1 percent higher than the start of the year.
Historically, this week also garnered 16.4 percent more views per listing than the typical week, but in 2022 this week got 32.5 percent more views per listing than the average week, as buyer demand dropped in the latter part of the year. Homes actively for sale during this week also sold 18 percent faster than the average week. I
Realtor.com also reports that, typically, there would be 9.3 percent fewer sellers on the market during this week compared to the average week throughout the year.