What is the Best Day to List Real Estate for Sale?

Posted by admin on April 25, 2013

The day of the week you choose to list your land or property for sale can make a substantial difference in selling price, viewing traffic, and time spent on the market. According to Redfin, a Seattle-based brokerage, and a recent article in The Wall Street Journal, sellers should list their properties for sale on Friday for the best chance of a fast and lucrative sale.

In the Redfin study, information for 1.2 million listings in 16 national markets was analyzed over 21 months. It found that homes, land, and property for sale listed on Friday sold for closer to list price than those listed on Sunday or Monday: 94.4 percent versus 93.9 percent. That information is supported by The Wall Street Journal article which showed sellers who listed their homes or vacant land for sale on Friday received an average of 99.1 percent of their original asking price.

The same Journal article presents another good reason to list your home on Friday: properties they examined spent the least amount of time on the market at an average of 81 days. The Redfin study showed similar findings, concluding that property and land for sale listed on Friday is 12 percent more likely to sell in under three months.

Moreover, Redfin found that properties for sale listed on Friday were 18.8 percent more likely to be viewed by prospective buyers. So what exactly is it about Fridays? The Redfin study and The Wall Street Journal both offer theories: Redfin proposed that since most people have weekends off, they are more likely to look at listings on Friday night and view land and property for sale with those listings fresh in their minds. Further, homes listed on Fridays seem newer and therefore less likely to be flooded with offers than those listed earlier in the week. The Journal article explored a more psychological aspect of the Friday listing, stating that the positivity people feel at the end of the work week makes people more enthusiastic about looking at properties for sale.

With the majority of listings being posted on weekdays, you can help set your home, property, or vacant lot for sale apart from the pack by listing it on a Friday. At AllAcres.com, we offer affordable, eye-catching listing options and can help you sell your property quickly and easily. We understand how subtle changes in a listing can affect viewership and time on the market, and we will help you promote an easy-to-navigate listing that is attractive to a large audience of potential buyers. If you have land or property for sale, get in touch with us at 855-227-3741 or contact us online to learn more about our proven successful listing services.