The busiest time of the year for home selling is almost here, and homeowners looking for the best possible deals may want to get their houses on the market very soon.
The best week to list a home in Dallas-Fort Worth this year will be the week of March 26, Realtor.com researchers determined in a new report based on a study of historic market conditions that favor sellers.
The company measured weekly listing data over the last five years — excluding the unusual year of 2020 — and found that homes sold during the last week of March typically see 35.9% more views and 27.7% fewer price reductions than during the average week.
Homes also sell after eight fewer days on the market than average during that week and inventory is typically 23.3% lower.
Nationally, the company found the best time to sell will be weeks later, the week of April 16.
Spring is typically the busiest time of year for the real estate market, with warm weather and buyers timing their moves to take place when kids are out of school in the summer.
Area agents expect this spring to be no different, even with significantly higher mortgage rates than a year ago that have put many would-be homebuyers on pause.
Some homes have seen multiple offers and sold over list price this year, situations that became less common with higher rates.
Even as home inventory has risen dramatically through the slowdown, homes are still in short supply so the sellers’ market continues, just not to the intensity of 2020 and 2021.