Study Finds Best Listing Day

By
Real Estate Agent with Darren James Real Estate Experts, LLC

The Best Day for Listing Your Louisiana Home is…

Mansion” is the Wall Street Journal’s entry into the high-end real estate magazine world. Well, not quite a magazine -- it’s an extra section they run on Fridays. It’s a nice diversion for those who want to read about really rich people selling their properties. More than that, it could actually be an important source of information if you decide to buy a vineyard in the middle of Los Angeles (Bel-Air, actually -- that one was featured last week). 

It was another article that caught my eye on Friday, though; one that dealt with a topic we agents have long debated. The article was headlined “THE BEST DAY TO LIST A HOME IS…”.  It summarized an elaborately executed study by a national brokerage revealing hard statistics on which day of the week is best for launching your Louisiana listing. The author, Sanette Tanaka, brought up several ways to look at the question. While her focus was, of course, national, the unspoken allure was to zero in on which day will maximize our Louisiana listing results.

 I bet you want to know the answer, so here it is: …(drum roll, please) --

Friday. Houses listed on Friday spent the fewest days on market (2 fewer than Thursday, 7 fewer than the most ho-hum day for listing, Sunday).

But, reading further, there is a problem. Listing on Tuesday brought in the most requests for house tours -- by 8 thousandths of one percent over Thursday. For drawing house tours, Friday faded into the pack…

All of which points to something experienced Louisiana agents already know: statistics are helpful, but not to the point where they detract from getting the job done.  The best day to publish a Louiaiana listing is as soon as it’s ready – the instant it’s ready! Buyers are constantly combing the listings, and the ideal prospect may be long gone if we hold off for any reason. 

If you are ready to sell your home, let's get your Louisiana listing ready to go now!

 

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Topic:
Home Selling
Location:
Louisiana
Tags:
louisiana listing

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Rainmaker
204,179
Peggy Wester
Real Estate Agent Ozaukee & Washington County Real
Think Young Team--Realty Executives Integrity

Interesting, but I would agree to just list it when it's ready. With the way homes seem to be moving, as long as it's in good showing condition and priced where it needs to be priced, it should sell quickly, regardless of the day it came on the market.

February 12, 2013 06:47 AM
Rainmaker
253,300
Robin Rogers
ABR, CRS - Real Estate Broker & Investment Adviser
Robin Rogers, Silverbridge Realty, San Antonio, Texas

I try to get my sellers' to put their homes on the market by Friday morning at the latest. Now I can cite some research to show there is no point in dilly-dallying.

February 12, 2013 06:54 AM
Rainer
117,911
Ron Aguilar
Mortgage & Real Estate Advisor since 1995
Real Estate Buying Advice

I did read this story. The numbers are so very close, don't worry about it. We all know pricing and condition is much more important.

February 12, 2013 07:29 AM
Ambassador
1,637,958
Fernando Herboso - Broker for Maxus Realty Group
301-246-0001 Serving Maryland, DC and Northern VA
Maxus Realty Group - Broker 301-246-0001

If you area ready to sell. .

The best day to put your house on the market is today. . there is no better day!

February 12, 2013 07:49 AM
Rainmaker
267,830
Travis "the SOLD man" Parker; Associate Broker
email: Travis@theSOLDman.me / cell: 334-494-7846
Team Linda Simmons, Enterprise, AL 36330

If the timing is not far off, I always explain to my Clients why I prefer to "officially" start their Listing in the MLS on a Friday. Nice to know that I wasn't the only one and for a good reason.

February 12, 2013 08:02 AM
Rainmaker
780,210
Paula McDonald
CHEVAUX Group ~ The Woodlands, TX 936-203-0279
Chevaux Group, PLLC
Interesting. Getting it on the market period however is pretty big.
February 12, 2013 08:10 AM
Rainmaker
452,213
Jan Green
RE/MAX Excalibur Scottsdale REALTOR®, GREEN®
Scottsdale, Phoenix, Cave Creek, Carefree, Fountain Hills

Interesting statistics.  I'm sure sellers think it's Saturday since that's when they have time to meet with us!  I'll keep that in mind when I speak with clients, thanks for sharing!

February 12, 2013 08:45 AM
Ambassador
1,082,666
Bryan Robertson
Broker, Author, Speaker
Catarra Real Estate, Inc

This kind of timing varies from region to region, I think. I know in my market that when homes in my town are listed on Thursday morning, they are often sold by the following Wednesday.

February 12, 2013 10:13 AM
Rainmaker
73,967
Chris Hayes
Your Shreveport/Bossier Real Estate Partner
Keller Williams Realty Northwest LA

Interesting information.  I would think the earlier on Friday the better since agents are setting up appointments for weekend showings.

February 12, 2013 10:23 AM
Rainmaker
59,503
Sharon Sanchez
Your Number "1" Source For Real Estate.
Ace Home Realty

Very interesting, but I agree with your conclusion, as soon as it's ready. 

 

February 12, 2013 10:24 AM
Rainmaker
513,405
Pat & Wayne Harriman
Broker/Owners, Wallingford CT Real Estate
Harriman Real Estate, LLC (203) 672-4499

Did you know that 42.7% of statistics are made up? At least according to comedian Steven Wright! But all kidding aside, I also agree with your conclusion: buyers are looking for good listings all the time, so GET IT OUT THERE!!

February 12, 2013 11:14 AM
Rainmaker
624,561
Wayne and Jean Marie Zuhl
The Last Names You'll Ever Need in Real Estate
Hallmark Realtors

We were talking about the Wall Street Journal article at our weekly sales meeting this morning!  Congrats on the feature!

February 12, 2013 12:15 PM
Rainmaker
1,236,823
Gene Riemenschneider
Turning Houses into Homes
Home Point Real Estate

Interesting.  My gut has always been to go with Thursday (later in the day) so agents will see it on Friday on show it on the weekends.

February 12, 2013 12:22 PM
Rainmaker
118,225
Annett T. Block- Florida Connects
YOUR Global Connection To Florida Real Estate
Florida Connects Inc.

Interesting. I could understand Friday and Tuesday but sometimes we can not hold the listing since it has to be on the MLS as contracted in the listing agreement.

Watch out what you are doing if you want to hold on to long just to get listed on a Friday.

Me personally I prefer Thursday.

February 12, 2013 12:40 PM
Rainmaker
628,967
Stephanie/Bob The Ruiz/Miller Team
The Ocala Dream Team
Keller Williams Cornerstone Realty

Hi Darren, we saw that article and really enjoyed it.  But we haven't applied it yet.

 

February 12, 2013 12:48 PM
Rainmaker
338,088
Nina Hollander
Your Charlotte/Waxhaw/Fort Mill Area Realtor
RE/MAX Executive Realty/Charlotte, NC

There's an exception for every rule! Recently I listed a property at 3:30pm on a Saturday and had it in contract by 1pm on Monday! I prefer to list Wednesdays or Thursdays to get the listing to "percolate" for the weekend, but in the end, it's hard to say that a specific day always does the trick.

February 12, 2013 01:31 PM
Rainmaker
267,176
Paddy Deighan JD PhD
Paddy Deighan J.D. Ph.D
Aston McLaren Inc

very interesting...Friday was my guess!!!  I see that many commentators suggested that this is not as valuable as others but hey, it is hard to argue with results!!

February 12, 2013 09:22 PM
Ambassador
1,550,626
Christine Donovan
Broker/Attorney 800-610-7253 DRE01267479 - Costa M
Donovan Blatt Realty

Darren - As soon as it's ready makes sense to me as a good time to list the home.

February 12, 2013 10:23 PM
Rainmaker
795,339
Marte Cliff
your real estate writer
Marte Cliff Copywriting

I'm not an agent any more - but in reading this I was thinking how fun it would have been to work in a market where selling 2 days sooner was worth thinking about. 2 months sooner - now that would have been exciting! (Yes, I let my license go just before the boom hit.)

February 13, 2013 12:10 AM
Rainmaker
80,195
Tom Esposito
Alpharetta Home Solutions

I've heard that Friday is the best day to list but never tried it.  Usually the day the listing is taken is the day I list it.  But I'm going to try it out.  next Friday I'm listing a short sale.  Seller needs a few days to clean out the clutter.  But next Friday I'll put it in the MLS and see what happens.  Hope it works like you say it does. 

February 14, 2013 12:35 PM
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Rainmaker
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Darren James

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