When is the ideal time to list a home for sale in 2022?

According to Realtor.com® data, the best week to list your home for sale this year is April 10-16, 2022! The site predicts that demand from buyers will increase the most this week out of all weeks for the entire year. According to data from 2021, the amount of buyers searching for homes online in this week were up 29% compared to other weeks throughout the year. In addition, homes listed this week have historically sold faster than other weeks. 

Despite these benefits, inventory is usually down this week too. The report said that there are 6.2% fewer sellers the week of April 10-16 compared to the rest of the year. In 2021, there were 12.9% fewer sellers than the average and down 20.4% compared to the first week of January 2021. Because of lower inventory and more demand, there should be less home price reductions as well. The report predicts there will be 13.8% fewer price reductions this week compared to the rest of the year.

In the Philadelphia metro area, listing prices will be up 5.4% compared to the start of the year and property views will be up 9.4% compared to a typical week. Price reductions will be down 34.4%  compared to an average week and homes will be on the market 10.9% less than the average week.

So, what are you waiting for? If you're thinking of selling, now is the time to start planning and strategizing with a Realtor®. Call or text me directly at 267.243.8599 or email me at mike@themikedoylegroup.com to begin the conversation.