Sellers: Top Day to List a Florida Home?

Dated: 03/24/2019

Views: 57

What Is The Top Day to List a Florida Home? It depends where you live.

© 2019 Florida Realtors®

The Miami-Fort Lauderdale-West Palm Beach market doesn't follow the spring selling season pattern at all. Realtor.com says the top day to list a home in South Florida is April 4, 2019.

"June is often considered the peak of home buying season, but our analysis found the first week of April is best for sellers looking to maximize list price, and also reduce the risk of price cuts and competition from other sellers," says Danielle Hale, chief economist for realtor.com. "Given the time it takes from listing to close, putting a home on the market in early April positions sellers to attract buyers seeking to close and move before the beginning of school year."

The analysis is based on trends in median listing prices, views per property on realtor.com, home price drops, median days on market, and the number of listings on the market over the last three years.

Why the first week of April?

The market is bustling with buyers, but the number of homes hasn't peaked yet, according to the analysis. Homes listed the first week of April see 14 percent more views, on average, and 5 percent less competition compared to the rest of the year's weekly average. As a result, homes are likely to sell 6 days (about 9 percent) faster on average.

Although the typical June listing is 7 percent more expensive than the best week to list, waiting until June could mean a higher likelihood of a price reduction as buyers bow out toward the end of summer.

In addition to more views, homes listed at the beginning of April are approximately 1 percent less likely to take a price cut, on average, compared to the rest of the year. On the flip side, homes listed in June are 1 percent more likely to have their price reduced and see nearly 2 percent fewer listing views than other times of the year, on average.

Another factor likely to boost April buyer demand this year is the surprising decline in mortgage rates that started in November 2018. Rates are now below 4.5 percent vs. nearly 5.0 percent in November 2018. These lower rates could entice demand earlier than usual.


Looking to sell your home? Get info on your home's value.

Blog author image

Courtney Silverman

• I KNOW RESIDENTIAL REAL ESTATE • Full-time top producing Real Estate Professional 18 yrs+ • Marketing, Negotiating skills, Competence & Ethical standards • Get your home sold - ASAP for top ....

Latest Blog Posts

Sellers: Top Day to List a Florida Home?

What Is The Top Day to List a Florida Home? It depends where you live.© 2019 Florida Realtors®The Miami-Fort Lauderdale-West Palm Beach market doesn't follow the spring selling season

Read More

Sellers: 2019 Highest ROI Home Improvement Projects

Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019The cost of building materials spiked dramatically in 2018. Larger indoor remodel projects weren't impacted as greatly as

Read More

Sellers: 11 Reasons Your Home Has Not Sold.

Sellers, there are 11 reasons why your home isn’t selling.When you first put your house on the market, you might be hopeful for a quick sale, especially if you've put a lot of money into

Read More

Sellers: The Importance of a Home Appraisal

The Importance of a Home Appraisal8/15/2018An Appraisal of Real Estate Market Value is an estimate by a trained appraiser of the most likely price at which a property will change

Read More