Your Palm Beach County Real Estate Market News by Lilianna Gizynski
Spring has officially arrived, U.S. home sellers considering listing soon in order to capitalize on the impending spring home shopping season should consider waiting at least a few weeks more in order to both maximize their sale price and speed up the process.
In my research:
Nationwide, the first half of May is the best time to list a home for sale in order to maximize sale price and minimize time on the market.
U.S. home sellers listing in early May can expect to sell almost two weeks sooner and for a $2,400 premium, on average, over listing at other times of the year.
In Palm Beach County, the best two-week window for home sellers is the first half of May – U.S. homes listed in the May 1-15 period generally sell almost two weeks faster than the average listing in the year, and command a final price $2,400 more, on average, than listing at other times. The first half of May was the best time to list in 14 of the 24 large markets that were analyzed.
The start of the 2018 spring selling season has been characterized by an acute shortage of homes for sale, meaning a large number of home shoppers will likely be unable to find the right home to buy in the early weeks of spring. As they linger later into the season, these buyers may end up spending more than they intended as they get wrapped up in competition and/or rush to conclude a deal before the summer months. This means late-spring listers can capture these perhaps frustrated buyers more quickly, and earn an additional premium.
Finally, listing later in the spring here in Palm Beach isn’t the only late advice worth taking – in a majority of markets, putting your home on the market at the end of the week or on the weekend is the best bet in order to maximize the number of times a home is viewed, is in the first few days of listing. According to research, the largest number of home shoppers will see a given listing within its first week on the market, and it’s important to capture that early interest as quickly as possible in order to boost the chances of a quicker sale.
The best day to list a home for sale is Saturday.
Call me and lets put your home on the market for Spring time.