Best Day to List Your Home for Sale? Friday
TGIF, indeed! Friday isn't just the day to kick off the weekend -- it's also the best day to list your home for sale, The Wall Street Journal has reported. Last year, sellers who listed their homes for sale on a Friday bagged 99.1 percent of their original asking price, on average. That's the best return of any day of the week, according to an analysis by listings site Redfin.
Though Sunday might seem like the most popular day for open houses, Redfin said that it's actually the day that yields the worst performance when it comes to comparing the sale price to the asking price (98.4 percent).
There's another reason that Friday is a great day for sellers: Homes listed on Fridays spent the least amount of time on the market last year -- an average of just 81 days, said the Journal. So what's the big deal about Friday? Well, think about it. If you have a Monday-to-Friday workweek (which the majority of us do), you're happy as all get-out to see Friday come. That positivity at the end of the workweek, heading into the weekend, tends to make people more proactive about finding homes, University of Rochester psychology professor Richard Ryan told the Journal.
So let this be a lesson to you: The day that you debut your home listing is vitally important. "You get four times the traffic on the day of debut than any other time of the week, and you only get one chance," Redfin CEO Glenn Kelman told the Journal. "Soon, you're yesterday's news."
Looking to buy a home? Search homes for sale in your area.
See also: 13 Ways to Sell Your Home in 2013
10 Best Cities to Own a Home
Selling Homes at Auction Helps Homeowners Unload Properties Quickly
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