More than any other day of the week, Thursday is the best day to list a home for sale, according to Redfin. Redfin found that on average, homes listed on Thursday sold for an average of $3,015 more than homes listed on Monday, and sell faster, too.
Home listed on Thursday can sell an average of 5 days faster than homes listed on Sunday. According to Redfin, Thursday is such a good day to sell due to weekend sales. The report notes that with most buyers shopping for homes on the weekends, Thursday listing will still be fresh in their mind into the weekend.
“Psychologists have found that people tend to remember the last information they saw the best,” said Redfin Chief Economist Daryl Fairweather. “If you list on a Thursday, buyers will be more likely to see your listing as a ‘new home for you‘ right before they go out and tour over the weekend.”
If you list on Friday, it may be too late for a buyer to see your home online, and earlier in the week, new listings may push those out of the way as the weekend shoppers start looking. For a home listed at $500,000, listing on a Thursday instead of Monday could mean a difference of $3,700 in your final sale price.
In this spring’s hot buyer’s market, however, the day of the week a home is listed has mattered less than normal.
“When homebuyer demand far outpaces the supply of homes and nearly every home sells quickly and at or above list price, factors like which day a home is listed are less important,” Redinf noted. According to Redfin, the market this year is not as easy for sellers, with the median time on market has shot up to 59 days as of February.
Find the report from Redfin here.