Homes Sold in Late May Tend to Command Higher Prices -- Market Talk
1139 ET - Sellers who listed their home for sale in the second half of May maximized their home's sale price last year, Zillow says. A new analysis found that homes listed in the last two weeks of May sold for 1.6% more, a $5,600 boost on a typical U.S. home. Search activity typically peaks before Memorial Day, as shoppers get serious about house hunting before their summer vacation and the new school year in the fall. By targeting late spring, sellers can get their home listed when the most shoppers are looking. When more buyers are competing for homes, sellers can command a higher price. One big caveat: It's not certain that this year's spring home shopping season will follow last year's pattern. With persistently low inventory, volatile mortgage rates are creating their own seasonality in the housing market. (chris.wack@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 11:39 ET (16:39 GMT)
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