TGIF! Thank God It’s Friday might have another new meaning and this pertains to real estate. Mansion on Friday reported that homes listed on Fridays sold for 99.1% of the seller’s original asking price, the highest percentage of any day of the week.
Interestingly enough, homes listed on Fridays were on the market for the shortest amount of time (81 days). Another daily fact was that homes listed on Tuesdays were viewed the most times with 2.41 home-tour requests, on average, according to an analysis by real-estate conducted by the Redfin brokerage.
Those were not the only aspects of real estate where Fridays and Tuesdays were superior to other days of the week. Here are some recent stats:
Last year, 57.5% of homes listed on Fridays actually sold, the highest percentage of any day of the week. Sundays were at the bottom, at 51.5%.
- Sun: 51.5%
- Mon: 52.5%
- Tue: 54.0%
- Wed: 54.7%
- Thu: 56.9%
- Fri: 57.5%
- Sat: 53.0%
This next fact seemed a little odd, but when you think about it there is definitely some weight to the theory. Homes listed on Saturdays and Sundays were seeing below average online page views during their first day on the market. Homes listed on Tuesdays fared the best, seeing 8.25% more page views than the average for a listing.
Page views for a listing, shown as a percentage above or below the average page views:
- Sunday: -8.5%
- Monday: 3.68%
- Tuesday: 8.25%
- Wednesday: 4.7%
- Thursday: 1.26%
- Friday: -3.17%
- Saturday: -8.11%
According to the CEO of Redfin, “the only reason sales volume isn’t higher is because there aren’t enough homes to buy, with foreclosures and now even short-sale listings rapidly disappearing.”
So now is the time to sell. The demand is high and the amount of buyers out there with money, who are already lender approved and ready to go, is increasing by the day. Just remember that when you list your home, make sure it’s on a Friday.