Homes are bought and sold throughout the year, but there are cyclical, seasonal, and even day-to-day variations that offer higher buyer interest. If you’re gearing to put up your North Naples home for sale, you’ll want to ensure it receives as much visibility as possible. By strategically choosing when to list your home, you increase your chances of potential buyers seeing your home and making an offer. The following factors affect the flow of buyers and sellers in and out of the real estate market.
Cyclical variations in real estate
Real estate serves a dual purpose; it is both a practical necessity for sustainable life and financial investment. Because of this, real estate is bought and sold at any given time, but there are several times when the real estate market is at its highest and lowest, depending on the economy, interest rates, weather, seasonal elements, and other factors. No one can predict the market’s future with 100% accuracy, so it’s essential to focus on the things you can control — like when you list your home for sale. While you may not be able to control why you’re selling — perhaps you’ve received a job offer and must relocate — you might be able to choose the season or day you list.
Seasonal variations in real estate
Probably the most important consideration for home sellers who are wondering when to list their homes is the prevalence of
seasonal variations in the real estate market. Generally speaking, in most of the country, people prefer to move in the early spring or fall months.
However, in SWFL, many homeowners choose to list their homes in the winter, because the market is active, with many Snowbirds ready to enjoy the warm weather and find a great property for sale. Prices trend higher in the winter, and days-on-market trend lower.
Listing in the summer is also good, as many families would like to be settled before school starts. Inventory is generally lower in SWFL in the summer months, so if your property is in good condition, it will shine like a jewel.
Day-to-day variations in real estate
Believe it or not, the day you list your home on the market can greatly affect whether or not you receive lots of buyer interest — and their offers. Depending on the day listed, you can find a steady stream of buyers viewing your home or a small handful.
The
best day to list a home is Friday. According to compared data from homes sold at top-dollar prices and when they were listed, homes listed on a Friday achieved 99.1% of the original asking price and sold fastest. Buyers have the entire weekend to view a home listed on a Friday. At the same time, the worst day to list a home is Sunday. This is partly because buyers are getting ready for the next work week and simply don’t have time to view a home.
However, regardless of the day of the week you list your home, real estate professionals have found only a marginal difference in sales performance based on homes placed on the market on Fridays and Sundays.
Why it matters
Home listings don’t last on the internet forever. Eventually, they’ll expire. When a listing is brand-new, it garners more traffic than a listing for a house that’s been on the market for several weeks or months. You’ll want to capitalize on this by putting your home up for sale on a Friday, so peak interest continues through the weekend when buyers are more likely to have time to view real estate websites.
Determining the time of your home listing
It’s helpful to know the best season and day of the week to list your home for sale so you can receive maximum interest and offers. However, your own personal experience may not allow you to list your home in the summer or on a Friday. Many people move because their lease is expiring, a new family member is on the way, there’s been a change in finances, or they’re looking to downsize. These factors may necessitate finding a new home, and most people don’t have time to wait until the market is perfect. The good news is that the North Naples real estate market is thriving, with a limited housing supply and a plethora of motivated buyers that will increase your chances of getting a top-dollar offer should you need to list in the winter or mid-week.
Getting advice from a professional
Before deciding when to list your home, talk to a real estate professional and ask for their opinion. An experienced agent will have many years of buying and selling homes, and they’ll have sage advice on when you should list your home based on your particular situation.
Learn more
Are you thinking about selling your slice of North Naples real estate? Hoping to purchase a bigger home or a property in a different neighborhood? If so, contact
Cindy Rosenfeld, a highly-talented and top-rated North Naples real estate agent who understands the ins and outs of the local market and can help you list your home at the right time to secure a fast and lucrative sale. Her decades of experience marketing, negotiating, and buying and selling real estate for her clients make her the perfect agent to navigate you through your home sale. The right day to list your home may be today. Get in touch with Cindy to find out!