Friday:  The Best day to Place Your Home on the Market

For the best chance of selling your home, sellers should publicly list it on Friday’s–this according to a Seattle-based brokerage Redfin.

Upon evaluating 1.2 milling listing in 16 large markets within the United States the past 21 months, Redfin found that the homes listed on Friday were 12% more likely to obtain a buyer for the home and sell within 90 days.  Homes placed on the market on Thursday or Friday on average sold close to the current list price:  94.4% in comparison to 93.9% when homes are placed on the public market for sale on Sunday or Monday.  In a nut shell, this is a $1,000 difference in sales price when comparing to a $200,000 home.

Homes are 18.8% more likely to be toured by potential buyers when listed on Friday.  The least likely homes to be toured were, of course, made public on Sunday or Monday.

The theory behind this is that home buyers tend to view homes on Saturdays and Sundays.  Homes placed onto the market on Friday’s are the freshest in the buyers and their Realtors minds when planning for weekend viewings.  Realtors and buyers tend to sort potential homes to view by days on market in order to the have the best chance of getting a potentially great buy before other potential buyers have a chance.