The best day for homeowners to list their house for sale in the Dallas-Fort Worth area is April 12, according to a new Realtor.com study.
In the early to mid-spring there is a golden window in the home market when buyers are returning to the market, said Hannah Jones, a senior economic research analyst at Realtor.com.
Realtor.com placed the week of April 12-18 as the best days to list a home across the United States. Ideal time blocks to list a home range from March 8 to May 24 for the 50 largest metros in the country ā but Dallas is near the national average, the firm notes.
āSellers who are able to catch that early swing of buyers can expect to see a lot more demand for their home, versus later in the summer, when schools are out and there are more people in the market,ā Jones said.
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As a result, āthere are more homes in the market and so you might have less demand for your home.ā
Dallas-Fort Worth-Arlington homes listed on April 12 are expected to be on the market nine fewer days compared to the average week, according to the study. Additionally, views per property are anticipated to be up 23.5% and active listings are expected to be down 14.6% versus the average week.
A separate Zillow study said sellers in Dallas saw the strongest returns by listing in the last two weeks in April. The analysis found that time frame would deliver a price boost of about $5,700.
āDallas is such a large and varied market of course,ā Jones said. āSo when youāre looking at that metro level it really does align with the national data because of how big it is and how those dynamics work out.ā
That stretch of April still means higher prices, Jones said. D-FW homes listed during that time period are expected to have a listing price increase of about $24,000 versus the start of the year, according to the study.
However, the benefit of listing a home in D-FW in the time frame that Realtor.com is recommending is less stark compared to other metro areas.
The list pricing compared to the start of the year only expected to be up 5.8%, compared to other metro areas which have anticipated listing price changes as high as 15.8%. Dallas is a very stable market with fewer big swings and stronger demand than other metros, Jones said.
Getting a head start is key
Most people start getting ready to put their homes on the market before they actually list their home. The quality of homes has increased and in order to be competitive a seller really needs to get their home ready, said Jim Fite, CEO of Century 21 Judge Fite Company.
āThey need to stage it properly, they need to get the repairs done in advance so that when it hits the market, that group of people that havenāt bought yet see it immediately and will be attracted to it,ā Fite said.
If a seller hasnāt gotten their home ready to sell it will probably stay on the market regardless of when it is listed, he said.
The spring and summer is the home selling season, Fite said. More homes sell in the next five months than the following seven months, he said.
There are a number of reasons for that. School is getting out and people want to make a move before the start of the next school year, Fite said. People are also downsizing, possibly because kids are going off to college.
Because of that timeline, itās good to start looking for a home in April, Fite said.
āIf you bought a home in April, itās not going to close until May,ā Fite said. āSo that means youāre not going to move in till the first of June, maybe. And then you have a couple of months to get settled before school starts.ā