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Real estate ‘sweet spot’ puts sellers in drivers seat
Real estate expert reviews America’s housing market for new homebuyers
Hovnanian CEO Ara Hovnanian gives real estate outlook and shares challenges that homebuyers may face ahead of key season, on ‘Maria Bartiromo’s Wall Street.’
Experts say it's "nearly impossible" for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report.
Nationally, April 16 through April 22 is considered "the sweet spot" for sellers, according to economists at Realtor.com.
The week is slated to have the "best combination of higher prices, fewer homes to compete against, faster sales time and strong buyer demand," compared to any other week in the year, according to the report.
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Historically, homes during that seven-day stretch listed prices 2.1% higher than the average week throughout the year and 12.1% higher than the start of the year, according to Realtor.com.