The Best Time to Sell Your Home in 2024: Realtor.com’s Optimal Week Revealed

by Keira April 11, 2023

written by Keira April 11, 2023

Best Time to Sell Your Home: Realtor.com’s Data Reveals the Optimal Week

Factors Influencing the Best Time to Sell

Realtor.com, a leading real estate website, has analyzed historical data to identify the best time to sell a home. Their research considers several factors, including:

Market pricing
Historical competition rates
Selling time
Buyer demand

Based on these factors, Realtor.com has determined that the week of April 14th-20th, 2024, is the optimal time to sell your home this year.

Benefits of Selling During the Week of April 14th

Selling your home during this specific week offers several advantages:

Competitive pricing: Historical trends indicate that listing prices are around 10% higher than average at the start of the year. This means that homes could be valued up to $34,000 more than they would have been if sold at the start of 2024.
High buyer demand: Despite higher-than-average housing prices, buyer demand for homes has historically been high during the week of April 14th. On average, homes have seen around an 18% increase in listing views during this week in the past.
Faster selling time: The heavy buyer competition means that homes tend to sell around nine days faster on average during the week of April 14th.
Lower listing price reductions: Listing price reductions are also below average during the week of April 14th, falling nearly 25% when compared to the average number of homes that suffered a listing price decrease.

Low Seller Competition

In addition to these benefits, seller competition is predicted to be low during the week of April 14th this year. Realtor.com historically reports that there are actually fewer sellers on the market during this week than on average, dropping nearly 14%.

Mortgage Trends

When considering the best time to sell your home, it’s important to also consider mortgage trends. Mortgage rates are expected to decline later this year, which will likely lead to even more buyer demand.

Historical Home Prices

For both buyers and sellers, Realtor.com reports that historical prices peak during the month of June. While this may incentivize sellers to list their homes during June, the seller competition during this month is also extreme. This is another reason why Realtor.com recommends selling your home during April, when you’re more likely to beat out the competition and sell your home quickly for a higher-than-average price.

Tips for Preparing Your Home for Sale

Realtor.com recommends that prospective sellers prepare their homes for a spring listing around one month or less before the week of April 14th. To get your home ready for sale, consider the following tips from The Home Depot’s experts:

Declutter and depersonalize your home.
Make necessary repairs and updates.
Enhance curb appeal by landscaping and painting the exterior.
Stage your home to make it look its best.
Price your home competitively based on market conditions.

Additional Resources

For more information on the best time to sell a home, you can view the official Realtor.com report on their website. The Realtor.com buyer and seller tools listed in the report are also available to use on their website.

Keira

Keira is a seasoned gardener with a rich background in education and a passion for transforming even the smallest, most challenging spaces into lush, productive gardens. With over two decades of experience in both teaching and gardening, she brings a unique blend of skills and insights to Life Science Art, where she shares her expertise through engaging and informative articles. Keira's journey into gardening began in her early years, inspired by her grandmother's ability to coax vibrant blooms and hearty vegetables from the rocky soil of their family farm. This early exposure to the wonders of gardening planted a seed of curiosity and love for plants that has only grown over the years. Before fully immersing herself in the world of gardening, Keira spent many years as a special education teacher. This role honed her patience, creativity, and problem-solving skills—qualities that have proven invaluable in her gardening endeavors. Her teaching experience also gave her a deep understanding of the diverse needs and capabilities of individuals, which she now applies to helping others learn to garden effectively, regardless of their starting point. Keira specializes in small-space gardening, low-income gardening, and cultivating plants in poor soil conditions. She understands that not everyone has access to vast, fertile lands or unlimited resources, and she is dedicated to making gardening accessible and rewarding for everyone. Living in urban areas or having limited outdoor space shouldn't be a barrier to enjoying the benefits of gardening. Keira has mastered the art of maximizing every inch of available space, whether it's a tiny balcony, a cramped backyard, or a window sill. Her innovative techniques and creative solutions help her readers grow a variety of plants in the most confined spaces. Keira is also a strong advocate for low-income gardening. She believes that everyone should have the opportunity to grow their own food and enjoy the therapeutic benefits of gardening, regardless of their financial situation. Through her articles, she shares practical tips on budget-friendly gardening methods, repurposing household items, and making the most of available resources. Her advice empowers individuals and families to start and maintain gardens without breaking the bank. Not everyone is blessed with rich, loamy soil. Keira's expertise extends to growing plants in less-than-ideal soil conditions. She provides guidance on improving soil quality, selecting hardy plant varieties, and employing sustainable practices to ensure a bountiful harvest, even in challenging environments. Her hands-on experience and proven techniques help gardeners turn even the poorest soil into a thriving garden. Keira's contributions to Life Science Art are invaluable. Her articles cover a wide range of topics, from step-by-step guides on planting and maintaining specific types of gardens to tips on dealing with common gardening challenges. She also delves into the science behind plant growth, soil health, and sustainable gardening practices, making complex concepts accessible to readers of all backgrounds. Beyond her technical expertise, Keira's writing is infused with warmth and encouragement. She understands that gardening is not just about growing plants; it's about fostering a connection with nature, finding peace and fulfillment, and building a community. Her personal anecdotes and down-to-earth advice resonate with readers, inspiring them to embark on their own gardening journeys with confidence and joy. Keira invites you to join her on Life Science Art, where she shares her wealth of knowledge and passion for gardening. Whether you're a seasoned gardener or just starting out, her articles offer valuable insights, practical tips, and the inspiration you need to create your own green oasis. Discover the joys of gardening with Keira as your guide and unlock the potential of your outdoor space, no matter how small or challenging it may be.