Zillow Launches Best Time to List Tool

New tool helps homeowners and brokers identify the optimal time to list a home for sale

By Jeff Sorg, OnlineEd Blog

canstockphoto1578542spring flowers(March 2, 2016) – A recent analysis by Zillow® discovers that, nationally, homes sold between May 1 through May 15 sell around 18.5 days faster and for 1 percent more than the average listing.

“The housing market today is heavily influenced by low inventory,” said Zillow chief economist Dr. Svenja Gudell. “Faced with increasingly competitive markets, many buyers are forced to consider several homes and make multiple offers, elongating the home shopping experience. By listing homes further into the shopping season, sellers may attract buyers who are increasingly eager to purchase and may be more willing to pay a premium for the home.”

Zillow also announced the launch of Best Time to List, a new tool that helps homeowners and brokers identify the optimal time to list a home for sale in their area. This new tool estimates how the timing of a listing will influence the final sale price.

Brokers can use this information to have a more informed conversation with their sellers to determine the best time to put their home on the market.

The chart below is the result of the current Best Time To Sell analysis from Zillow:

Metro Area Ideal Timeframe to List Home Days SoldFaster than Average Average Sales

Premium (%)

Average Sales Premium ($)
United States  May 1 – 15 18.5 0.9% $1,700
NewYork/NorthernNew Jersey  May 1 – 15 16.5 0.6% $2,400
Los Angeles-LongBeach-Anaheim,CA  May 16 – 31 12.5 0.9% $5,300
Chicago, IL  May 1 – 15 22.5 1.2% $2,400
Dallas-Fort Worth,TX  May 1 – 15 11.5 1.1% $2,000
Philadelphia, PA  May 1 – 15 12.75 0.7% $2,000
Houston, TX  June 1 – 15 12.75 0.7% $1,200
Washington, DC  April 16 – 30 18.0 1.1% $4,100
Miami-FortLauderdale, FL  April 16 – 30 16.25 0.9% $2,000
Atlanta, GA  April 1 – April 15 19.5 1.4% $2,200
Boston, MA  May 16 – 31 12.0 1.3% $5,200
San Francisco, CA  May 16 – 31 7.5 1.5% $12,200
Detroit, MI  May 1 – 15 19.5 1.6% $2,000
Riverside, CA  May 1 – 15 15 1.0% $2,900
Phoenix, AZ  May 1 – 15 12.5 1.2% $2,600
Seattle, WA  May 1 – 15 20.0 1.2% $2,600
Minneapolis-StPaul, MN  May 1 – 15 19.25 2.0% $4,300
San Diego, CA  March 16 – 31 13 1.0% $5,200
St. Louis, MO  March 16 – 31 17.75 1.2% $1,700
Tampa, FL  May 1 – 15 20 0.9% $1,500
Baltimore, MD  May 1 – 15 22.5 1.1% $2,800
Denver, CO  May 16 – 31 10 1.3% $4,300
Pittsburgh, PA  May 1 – 15 19.5 0.8% $1,000
Portland, OR  May 1 – 15 17.5 1.8% $5,500

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 All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Jeff Sorg

About the Author

Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center's CDEi Designation for distance education in 2008. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.