The answer is Friday :) Darn it! You’re not gonna wanna read on now, are you??? Dang. Haha… well, if you’re still with me here, I got this answer from the good folks at Redfin. They dug into a whole bunch of date recently, and pulled out some interesting statistics on the best times to sell your house. Check this out:
- 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.
Crazy, huh? Who knew Fridays were so popular ;) Kinda makes sense though — everyone’s super happy and excited for the weekend, and all those looking for new homes to tour are gonna be checking on Friday/Sat morning. Of course they can still SEE all those houses that were listed on the boring ol’ Tuesdays and Wednesdays, but the allure of the *new listing* probably awakens your taste buds. I know I’m always more excited to see new places popping up than the oldies — even IF they’re 24-48 hours old (kinda messed up, huh?).
The interesting part here is that only 18% of homes are actually listed on a Friday! If only they had these new sexy stats at their fingertips!! Haha… There’s a whole infographic about it here if you wanna scan through. But while the timing may give you a slight bump over the others you’re competing with, ultimately your place has got to be clean and AWESOME in the inside (and out) too. You can list your place on every Friday of the year, but if it’s not staged properly and given the TLC to convince others it should be their new dream house, all the odds in the world aren’t gonna help you sell that baby. The goal should be to get it all ready for the big leagues as your main priority, and THEN drop the news on a Friday to kick the momentum in gear. That should really get you going!
If anyone’s in the house-buying market right now, give this a shot and let us know what you think about it :) Or maybe you already knew this and it worked (or didn’t work) for you? Very curious to see what y’all have experienced. Maybe you buyers out there should pop in this Friday and see what happens too!
When we’re fortunate enough to be able to sell ourselves (errr… sell our house – not ourselves!) we’ll jump on it and report back :) Don’t sit a long time waiting for us though, OUR odds say we’ll have our house paid off well before it’ll be sold… harumph. See you in 10 years?
PS: Thanks to long-time reader, and friend, Matt for passing along this info. You never send me much, but when you do, I listen ;)
PPS: If you’ve never heard of Redfin before, they’re a group of real estate agents and software engineers trying to make it easier on the buyer/seller. I’ve used their site a few times before when looking for home sales in our area (they have a cult following, too), but I’ve never bought or sold anything through them as yet. Have any of you? What did you think of the experience?
(Gingerbread house by Marit & Toomas Hinnosaar)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!