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

by Keira
written by Keira

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.

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Home and Garden

7 Essential Home Repairs to Tackle Before Selling, According to Real Estate Agents

by Zuzana
written by Zuzana

7 Home Repairs to Tackle Before Selling, According to Real Estate Agents

Preparing your home for sale involves more than just cosmetic upgrades. Real estate professionals recommend addressing these essential repairs to increase your chances of selling quickly and for a higher price.

Repair the Floors

Damaged floors can be a major turnoff for buyers. Make sure to fix any cracks, chips, or tears in the flooring, regardless of the material. Consider replacing carpeted or tiled floors with hardwood or engineered wood, as they are more appealing to buyers and can boost your home’s value.

Stop the Leaks

Even minor leaks can lead to costly problems down the road, including mold growth. Ignoring leaks can also give buyers the impression that the home is not well-maintained. Repair any leaks promptly, even if they seem insignificant.

Enhance Curb Appeal

The exterior of your home is the first thing potential buyers will see. Make sure it makes a good impression by repainting the exterior, landscaping the yard, and repairing any broken or damaged elements, such as decks, fences, or window screens.

Fix Internal Systems

Home systems that are not functioning properly can be a major red flag for buyers. Ensure that your HVAC, electrical, and plumbing systems are in good working order and up to date. Non-working HVAC components, outdated electrical wiring, and malfunctioning water or waste systems can make a home unlivable and significantly reduce its value.

Smooth Over Walls

Patching up and smoothing over holes, cracks, and scuffs in the drywall can significantly improve the appearance of your home and make it feel more move-in ready. Consider painting over any noticeable marks after fixing the drywall for a clean and fresh look.

Update Key Appliances

Updating major appliances in the kitchen, such as the refrigerator and stove, can make your home more appealing to buyers. While a full kitchen renovation may not be feasible, replacing one or two appliances with newer, more energy-efficient models can make a big difference.

Lighten Up

Well-lit homes appear larger and more welcoming. If natural light is limited in certain rooms, consider adding or replacing light fixtures or optimizing existing light sources with higher-lumen or-wattage bulbs. This simple upgrade can make a significant impact on the overall ambiance of your home.

Additional Tips for Home Sellers

  • Address minor repairs: Even small issues, such as dripping faucets or loose door handles, can give buyers the impression that the home is not well-maintained. Take the time to fix these minor problems before listing your home.
  • Declutter and depersonalize: Remove excess furniture and personal belongings to make your home appear more spacious and neutral. This will allow buyers to envision themselves living in the space.
  • Stage your home: Arrange furniture and accessories in a way that showcases the best features of your home and creates a welcoming atmosphere. Consider hiring a professional home stager for optimal results.
  • Price your home competitively: Research comparable homes in your area to determine an appropriate listing price. Overpricing your home can deter buyers, while underpricing it can result in leaving money on the table.
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