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May Is Best Time to List a Home in Tampa

13

April

By Sally Deneen

The best time to put a home on the market in the Tampa metro area is the first half of May, according to research by Zillow. Local sellers earn an extra $2,000 on the final sales price, on average.

Homes also sell 20 days faster, on average, when listed during this two-week window, the report states.

“The window’s effects are so potent even homes in the most downtrodden markets tend to sell faster than the national average,” Data Scientist Jamie Anderson of Zillow writes in the report.

While tight inventory in many housing markets makes the first half of May the magic listing time nationally — boosting the sales price by $1,700, on average — there are variations. St. Louis's and San Diego's best time for listing is the second half of March, Miami's sweet spot is the second half of April, Denver's window is the second half of May, and the magic time frame for Charlotte, N.C., is early June.

If you thought mid-March was the best time to put a home up for sale, that's understandable. It was the rule of thumb for smart sellers back in 2011 and 2012 as the housing market started to recover from the Great Recession, Anderson notes.

“Listing just before the swarms of spring home shoppers descended on the housing market meant these sellers’ homes were likely the newest homes on the market,” the Zillow report states. “But in the years since, the housing market winds have changed.”

Buyers, meanwhile, likely find spring and fall are the best seasons to scope out a new place to live because inventory tends to increase, says real estate agent Brendon DeSimone.

As a cautionary point, DeSimone finds that springtime sellers often list homes too high, so they tend to drop the asking price as months drag on.

“These sellers have fewer chances to capture buyers after Labor Day,” DeSimone notes. “By October, buyers are likely to find desperate sellers and prices that may, in fact, be below a home’s true market value.”

Sellers seeking to find out how many views their home is receiving on Zillow or wanting to learn how their home compares with nearby homes for sale can check out their Owner Dashboard to see their home's details.

[Last modified: Wednesday, April 13, 2016 7:00pm]

    

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