Market timing is hard to pull off when it comes to investing in stocks. But for home sellers, there are times of the year when prices get bid higher and properties move faster, according to a report from Zillow.
In metro Denver, that “magic window” runs from May 1-15. Sellers who list in that period make on average 1.1 percent or $4,300 more on a sale. Homes sell six days faster than typical.
The first half of May is also the best time nationally and in many other cities to sell. But the peak window can stretch from April into early July, depending on location. And in a few markets, like Las Vegas, a premium time to sell doesn’t exist.
“Sellers time their listings to optimize their sale in all sorts of ways,” Skylar Olsen, Zillow’s director of economic research and outreach, said in the report.
RELATED: Denver home sellers are missing the mark on listing price
Related Articles
-
Home prices actually fall in Boulder, Denver and Douglas counties. Is it a blip, or a trend?
-
Half of Denver-metro homebuyers bring six-figure incomes to the closing table
-
Denver-area residents house hop faster than most of the U.S.
Some sellers are looking to get the highest price they can, while others time a sale to their own purchase, she said. Sell in May, a dictum for seasonal stock traders, also seems to apply in the housing market.
Zillow also found that Thursday was the best day to list a property in metro Denver. Nationally, it is on Saturday.
