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In early May, homes sell fastest and for more money, according to the newest data. This is the new magic listing window for the country’s 25 biggest metro areas.
Weather and housing market dynamics affect the exact best window to sell in different areas, and this year, a low supply of homes on the market has pushed the window later in the spring. In Zillow’s first analysis of the best time to list, homes listed between mid-March and mid-April sold fastest and for the highest price. But the decline of the number of homes on the market has increased competition, so shoppers who start looking for a home in early spring may need to look at several homes and will often still be shopping a few months later. By May, some buyers may be anxious to get settled into a new home before the next school year — and will be more willing to pay a premium to close the deal.
For sellers hoping to sell quickly and get the maximum sale price for your home, the time to list is right in the first half of May. Nationally, homes sold May 1-15 sell about 18.5 days faster and for 1 percent more than the average listing. That means an average premium of $1,700 for the seller of a median home.
Today, Zillow has launched a new tool to personalize this data for individual sellers. The new Best Time to List feature estimates how much more money a seller can make by changing the listing date on their individual home. The tool is live for 71 million off-market homes, and registered Zillow users can find it by clicking the “Sell Your Home” on the home details page for an individual home. The methodology for the analysis, originally featured in “Zillow Talk: Rewriting the Rules of Real Estate,” is detailed on Zillow Research.