If you're keen on placing a "For Sale" sign in front of your home, research suggests it's a smart move.
April 14 through April 20 is "the best time to sell your home," according to data from Realtor.com. It's the "peak week nationally" for sellers to maximize return on investment, or ROI.
Here's why:
- Mid-April listings get 22.8% more views
- Homes sell at a 17% faster rate
- Historically, home prices are 1.1% higher this week than the average week throughout the year
- And, prices are 10.4% higher this week versus the start of the year.
- The national median listing price could reach $7,400 above the average week, and $34,000 more than the start of the year.
Not Yet Ready To Sell?
Don't sweat if you're not quite prepared to list your digs. Time is on your side.
Realtor.com reports 53% of home sellers take one month or less to get their home ready to list. And, if you prep now, May and June are also opportune times.
That's according to ATTOM, a real estate data provider. From April to June, seller premiums can be 10% or more above market value.
And the top 16 best days to sell are actually in May, ATTOM claims.
When's The Worst Time?
The three slowest months of the year are October, November and December, according to ATTOM.
And, coming out of the winter months, consumer perceptions of both homebuying and home-selling conditions are improving. Both measures have now risen multiple months in a row, the Federal National Mortgage Association (OTC:FNMA), also known as Fannie Mae, reported in March.
The most recent Fannie Mae Home Purchase Sentiment Index (HPSI) is up 10.6 points year over year.
"The housing market will continue to be characterized by high home prices, high financing costs, and a limited number of homes for sale," Bankrate chief financial analyst Greg McBride told Benzinga last month.
Rising home prices often reflect a healthy real estate market, which can boost the value of real estate assets held within certain exchange-traded funds (ETFs), such as: Vanguard Real Estate Index Fund ETF (NYSE:VNQ); the Schwab US REIT ETF (NYSE:SCHH); the Real Estate Select Sector SPDR Fund (NYSE:XLRE) and the iShares U.S. Real Estate ETF (NYSE:IYR).
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