Will April Bring Showers of Sales?

Mark your calendar: Mid-April could offer the perfect mix of market conditions for home sellers, according to a new study that analyzed home sale trends.

Results of the study found that sellers could earn as much as an additional $34,000 for their home if they list them during the week of April 14 to 20. These dates are the result of analysis of week-to-week listing metrics, including home prices, days on market and number of listings, from 2018 to 2019 and 2021 to 2023. (The study excluded 2020 due to the COVID-19 pandemic's outsized impact on the housing market.)

Past housing sales data contributed to the April 14-20 sales prediction, including these:

• Home prices during April are typically 10.4% higher than at the start of the year.
  
  
• This week also tends to record 18.4% more online views per listing than other weeks. Last year, listing views surged to 22.8% during this week.
  
  
• Homes tend to sell about nine days faster during mid-April.
  
  
• There are nearly 14% fewer homes on the market during the week of April 14 compared to other weekly averages.

Source: nar.realtor/magazine

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.