The real estate market is, truly, a market. Prices go up and down by the week. Playing the market right as a home seller can earn a tens of thousands more in a home sale (even hundreds of thousands). Playing the market right as a home buyer can in the reverse, save tens or hundreds of thousands of dollars. Here is our greater Portland real estate market there is a best time of the year to sell a home and a best time of the year to buy a home that has stayed pretty consistent over the last few decades, whether or not the overall market is rising or falling. (For example, the seasonal peaks and valleys held true in 2010, 2016, 2021, and are looking to hold true in 2022. Yes, they held true for nearly all those years in-between too.)
Not only is there a best and better time to sell or buy a home in, there is an idea time as a seller to list a home on the real estate market and there is a prime day of the week home buyers are out there touring to find a new place.
Most Sellers List their Homes for Sale on Thursdays
Sellers list on Thursdays because most of the buyer traffic for the week happens over the long weekend – Thursday through Monday. Also most sellers list on Thursday because home buyers typically will only wait so long to hear back on their offer before they pull it to look for something else (home buyers will typically not put out more than one offer at a time as they don’t want to get double committed). Traditionally in the Portland real estate market, most home buyers will tour the home over the long weekend and expect to hear back on their offer by the end of the long weekend – Monday.
Most Buyers View a Home for Sale on Sundays
Most home buyers tour properties over the long weekend, Thursday through Monday, with Sunday being the most popular. Sunday is a great day to tour a home because typically it is toward the end of the offer collecting period for the seller and the buyer or buyer’s agent will have an idea of how that new home on the market is performing. It gives the buyer a chance (typically) to see the home before the seller makes a decision and write up an offer.
Licensed here since 2003, my small team has completed over 2,000 local home sales in Oregon and SW Washington. We follow the research and stay ahead of the curve. Our max. charge in Portland area or SW Washington to sell a home is 4% (4.25% in Salem). We strategically pay more to market our homes online on the top websites and pay for pro. photos, 3D tours, and more. Then we top it off with a cancel anytime policy for no charge. Learn more about our pay less and get more selling services here, call 503-714-1111, or simply chat with the bot on this site.
Buy a Home with the Best
Not only do we have dedicated selling agents, we have specialized top 1% buyers agents on our team as well. No matter the type of property you’re looking for, (condo, detached, farm, commercial, land, multi-family, specialized) we can help. Call 503-773-0000 or chat with our bot today.
Stephen FitzMaurice, Realtor is a top 5% real estate agent in the U.S. A Principal Broker in Oregon, Managing Broker in Washington, he has been licensed since 2003 for residential real estate sales. Call his team in Oregon at 503-714-1111 or in Washington at 360-345-3833.
