Best Day to List
Question:
What is the best day to list your home?
Results:
Weekend blues, Thursday Green. Show me the money, that’s right Thursday listing start dates gets you a .7% over list price vs. close price. Go ahead and list on Sunday, which apparently means you just don’t like to sell quickly and seems to indicate you like to over list your home.
Thursday is not only a good day to check for Happy Hour specials, but you may want to also lookout for your new favorite home because you guessed it Thursday sells 78% more quickly than Sunday.
Method:
Fellow data dorks this is pretty easy aggregated data. A list date is matched to a specific day of the week and that line is added to the row of all sales in the last rolling 365 days. Three data points were considered in the research as follows: Close Date (CD), Close Price (CP), List Price (LP).
The deviation between LP vs CP and an average was calculated and compared to the day of the week, which was plotted on a bar graph as the day of the week residing on the X axis and differentiation of LP vs CP charted on Y axis of Graph 1.
The number of days from List date to Close date was calculated with average calculated and then compared to the day of the week. The day of the week residing on the X axis and number of days on Y axis of Graph 2.
Interactive Data:
All information is deemed to be for information purposes only; always seek professional opinion where necessary.
What are your thoughts?