Weekly Real Estate News
Source: Fox Business —
Experts say it’s “nearly impossible” for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report.
Nationally, April 16 through April 22 is considered “the sweet spot” for sellers, according to economists at Realtor.com.
The week is slated to have the “best combination of higher prices, fewer homes to compete against, faster sales time and strong buyer demand,” compared to any other week in the year, according to the report.
Home prices
Historically, homes during that seven-day stretch listed prices 2.1% higher than the average week throughout the year and 12.1% higher than the start of the year, according to Realtor.com.
With high list prices, sellers can potentially earn an extra $48,000 or more for their homes if they sell during this seven-day stretch than if they were to sell at the beginning of the year, according to Realtor.com.
