ShareThis blog post was written by Danielle Hale, Director of Housing Statistics, and Hua Zhong, Data Analyst.
You probably know that home listings go up most often on Thursdays and Fridays. Here is the data to back up your intuition:
- 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 2014 holds for 2015. The last sales data for December 2014 is just now being collected, but 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 2014. Note the strong preponderance of spring dates and obvious lack of weekends.
- The biggest months for new listings are May, April, June, and March. These months alone accounted for two-fifths 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 Monday trailing a bit and Tuesdays and Wednesdays are not too far behind. Wednesdays and weekends are the only days of the week absent in the top 25 days 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.
This is part 3 of a week-long series on EHS. Check back tomorrow at 12 p.m. ET for the next post in the series.