October 19, 2011
With home sales slowing, anyone thinking of selling a home today can use all the help they can get, starting with what day of the week to debut.
Serious sellers know that it is important to make repairs, stage well, and showcase their home online with professional photos, but there isn’t a consensus about which day of the week you should list your home for the best results. This is evidenced by the fact that new listings on the market are spread pretty evenly between Monday and Friday, with each day getting between seventeen and nineteen percent of the total share of listings (Saturday and Sunday are much lower at five to seven percent).
Since you only get one chance to make a first impression with your listing, we decided to dig into our data to find out whether putting your home on the market on a certain day of the week is correlated with sales success. We pulled the data on over a million listings spread throughout the nation over the last twenty-one months, and here’s what we found:
Homes listed on Sunday get marginally more online views. Homes listed on Friday are toured 19% more. Homes listed on Friday or Thursday sell for slightly closer to original list price. Homes listed on Friday are 12% more likely to sell in 90 days.
For the best chance of selling your home, list it on a Friday.
The difference in views and sale-to-list ratios were not very dramatic across the week, but in the tours and sales categories, Friday was the clear winner. For the most tours and the best chance of selling your home, list it on a Friday. If you are the kind of seller that is more interested in online views than actually selling your home for a good price, listing on Sunday is a great plan. But since we’re pretty sure that kind of seller doesn’t exist, we’re confident in recommending Friday as the seller’s best day to list their home
Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,”the most trusted name in Costa Mesa Real Estate”. Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CAfor the latest news and information on the Costa Mesa real estate market. Lic #00573423
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(714) 241-4532
1525 Mesa Verde Drive East
Costa Mesa, CA 92626-5221
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