Were your social feeds getting bombarded with Justin Timberlake memes* on April 30th? Well if you’re looking to sell – pay attention next time you see the words “It’s Gonna Be May”. According to Zillow.com “Nationwide, the first half of May is the best time to list a home for sale in order to maximize sale price and minimize time on market.”
Why is this? For one, the start of the spring selling season usually sees a shortage of homes and a major number of home buyers are going to have a harder time buying their dream home. These buyers may end up spending more than they planned to, especially if they wait and get caught up in competing with other buyers or move too fast on a deal. Sellers who list in May may earn an additional premium by capitalizing on those frustrated buyers.
The ideal time frame to list in Los Angeles is between May 16th – 31st and the best day to list is Thursday with the average sales premium at $8,100. Sellers in San Francisco can expect to earn up to a whopping $15,300 premium over listings during other months of the year.
If you’re a homeowner in LA and thinking of waiting until the summer to sell, you may want to reconsider and get your home listed now. Also, if youre looking to sell fast, homes listed during this time frame sell, on average, around 18.5 days faster than homes that weren’t listed during May.
*For those of you fortunate enough to have missed this dumb meme in your social feeds, here it is for your reference/”enjoyment”