This blog post was written by Managing Director of Housing Research, Danielle Hale, and Data Analyst, Hua Zhong.
Home listings still go up most often on Thursdays and Fridays. Here is the data:
- As we start the New Year, this is a good time to take a look and recap the year behind us to see what insights 2016 holds for 2017. While December 2016 is still preliminary, we can get a good sense of the year by looking at the data we currently have for the past 12 months. In our first posts, Part 1 and Part 2 we looked at closings by day. Here, we’ll take a look at listings.
- Below, we see the most popular listing days of 2016. Note the strong preponderance of spring dates and obvious lack of weekends.
- The biggest months for new listings was April, followed by March, May, June, and July. These months alone accounted for roughly half of all new listings in this analysis.
- While not devoid of new listings, the weekends are obviously not popular days to list. Among weekdays, Fridays and Thursdays are the most common days for new listings to go up, with Mondays and Wednesdays trailing a bit and Tuesdays not too far behind. All week days are represented in the top 25 dates for listings.
- While home closings exhibit a strong tendency to get done at the end of the month, listings are much steadier throughout the course of the month with a slight tendency to be posted earlier rather than later.