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What is the Best Day of the Week to Reduce the Price of a House?

What is the Best Day of the Week to Reduce the Price of a House?

What is the best day of the week to reduce the price of a house? Many home sellers don’t realize that the day you choose to lower the price of your home affects the success of your sale and how much buyer attention you attract.

In this post, Nancy Kowalik and our team at Your Home Sold Guaranteed Realty - Nancy Kowalik Group will discuss the best day to reduce the price of a house. We’ll also cover what factors to consider when reducing your asking price.

Key Takeaways

  • According to a study by Zillow, Thursday was the most popular day of the week for sellers to cut their homes’ prices. 
  • Reducing the price of a house on Thursday gives realtors enough time to notice the price change and inform their clients, just in time for weekend showings and open houses.
  • The earlier days of the week, Monday through Wednesday, are another popular time to reduce the price of a house.

What is the Best Day of the Week to Reduce the Price of a House?

According to a study by Zillow, Thursday is the most popular day of the week for sellers to cut their homes’ prices. Reducing the price of a house on Thursday gives realtors enough time to notice the price change and inform their clients, just in time for weekend showings and open houses.

The earlier days of the week, specifically Monday through Wednesday, are another popular time to reduce the price of a house.

Reducing the price on these days gives your listing the best chance of being noticed by buyers and realtors when they search for new listings at the start of the week.

However, keep in mind that most buyers aren’t able to come out for a showing until the weekend, and may discover other listings during the week. As a result, this could lead to your home sitting on the market longer. 

The more time a home with a reduced price spends on the market, the higher the risk that buyers will suspect something is wrong with it and be hesitant to make any offers.

Of course, determining the best day of the week to reduce the price of a house can depend on various factors, including market conditions, buyer behavior, and the season. Be sure to consult with your realtor to find the right timing for your situation.

3 Factors to Consider When Reducing the Price of a House

  • Holidays: Avoid reducing the price of your home when market activity is at its lowest. For example, right before holiday weekends or during major holiday breaks. 
  • Market Trends: Work with your realtor to monitor local market trends and identify peak periods of buyer activity. If there is a specific day of the week when buyers are more active in your area, consider timing the price reduction accordingly to maximize your visibility.
  • Timing: Don’t wait too long to reduce the price of your house. If you’ve decided that a price reduction is the best move for you, it’s best to make the change within two weeks of when the listing first entered the market.

Sell Your Mullica Hill House For Top Dollar With Nancy Kowalik

Nancy Kowalik - What is the Best Day of the Week to Reduce the Price of a House?
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If you want to avoid a price reduction in the first place, it’s essential to work with an experienced realtor who has a track record of success. At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, Nancy Kowalik and our team have years of experience helping homeowners sell their homes successfully. 

In fact, we sell homes 70% faster and for 10.29% more compared to other New Jersey realtors. In addition, we offer a unique Guaranteed Sale Program that ensures your home sells fast and for top dollar, no matter what.

To learn more about why our award-winning team has been ranked as the top realtor in South Jersey, contact us at (856) 478-6562 today!

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