In competitive markets, home sellers cannot afford to be sloppy with details. A well-thought-out and executed listing strategy, that includes a plan to list at the right time, is critical in maximizing a home’s price and time on the market. So, when is the best time to put your home on the market? While the best timeframe may vary by region, according to many sources, generally speaking, the best time of year to list a home is between the months of March and April.
Furthermore, statistics indicate that homes sell faster and for more money in early May. This may be due to several factors including inventory supply, competition, and homebuyers’ agenda. For example, many homebuyers may be anxious to buy their new homes and get settled before the school year begins in the fall. Often, these buyers are willing to pay more to seal the deal sooner.
Because most homebuyers begin their search on sites like REcolorado.com, when selling your home, your biggest challenge may be getting your listing to stand out. In the spring it can be difficult to beat the flood of new homes for sale that push your listing lower in search results. The largest number of homes usually come on the market in the last weeks of February through early March. Listing your home in late March or early April, however, means you’ll likely bypass this surge. You’ll want to work with an agent that has a strategy to keep your listing top of mind and visible to potential buyers during this time.
Even the day of the week chosen to list could matter! Some found that homes listed on Thursdays are more likely to sell faster and above list price. This is because potential buyers are getting ready to shop over the weekend. Listing on Saturday, Sunday or Monday are the worst times.
If you’re thinking about buying or selling a home this spring, you can connect with Colorado REALTOR and search for the most accurate and up-to-date home listings. at REcolorado.com.
Originally posted in February 2017. Updated in March 2020.