Homeowners thinking of putting their properties on the market need to make a decision soon because the best time of year for listing is fast approaching, according to Realtor.com.
Nationally, the week of April 16-22 is most likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market.
In some cities, like Denver, the best time to list has already come and gone (the week of March 12), and in others, like Memphis, Tennessee, the best time isn’t until much later in the year (the week of May 14). The best time to sell in Chicago is the week of March 26.
Realtor.com looked at seasonal trends from 2018 to 2019 and 2021 to 2022 while excluding 2020 due to the pandemic in order to rate each week with a “Best Time to List” score. Scores were based on favorability to sellers, including competition from other sellers (active listings and new listings), listing prices, market pace (days on market), likelihood of price reductions and homebuyer demand (views per property on Realtor.com).
“While we’ve identified April 16-22 as the best week to list for sellers, the housing market remains undersupplied, so a seller listing a well-priced, move-in ready home is likely to find success,” Realtor.com said. “Because spring is generally the high season for real estate activity, and buyers are more plentiful earlier rather than later in the year, listing earlier in the spring raises a seller’s odds of a successful sale.”