According to the research, the week of April 16-22 offers higher-than-average prices and a lower-than-average time on the market, while also offering a higher-than-average number of buyers.
Homes during this week have historically reached prices 2.1% higher than the average week throughout the year and are typically 12.1% higher than the start of the year.
A"for sale by owner" sign stands outside a home in LaSalle, Illinois, U.S., on Friday, June 7, 2013. The Mortgage Bankers Associations weekly mortgage market index, which measures mortgage loan applications for purchases and refinancings, is schedulIn addition, this week historically garnered 16.4% more views per listing than a typical week, and iin 2022 the week also got 32.5% more views per listing than the average week throughout the year.
Thanks to above-average demand, homes also sold more quickly during this week. Historically, homes actively for sale during this week sold 18% faster than the average week. Historically, the number of views per listing tended to improve for buyers in late summer and early fall. Additionally, by mid-August, the number of sellers with actively-listed homes increased 32% over the beginning of the year, which means this time of year generally has more options for buyers.However, Realtor.
Bottom line: With home prices 8.1% higher year-over-year, after a year of double-digit growth, and affordability slightly improved, the spring market could still be advantageous for both buyers and sellers.
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