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| [February 07, 2018] |
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HomeLight Launches Best Time to Sell Calculator to Show Homeowners the Best Time to Put Their Home on the Market
HomeLight,
the world's leading marketplace for connecting homeowners with the best
real estate agents, today launched a new tool, The
Best Time to Sell Calculator. Using aggregated housing market data
HomeLight has collected for specific areas, users can learn the best and
worst months to list a home for sale, contributing to decreased time on
the market and a more efficient transaction process. For example,
February marks the most ideal time to list your home for sale if you
live in the Los Angeles area.
Drawing on HomeLight's analysis of more than 30 million residential real
estate transactions, consumers will be able to enter their specific city
or state to get an analysis of the best times to sell. The analysis
report includes market trends such as sales prices and average number of
days on the market to create a customized recommendation for the user's
geographic area. HomeLight's real-time transaction data is changing the
game in the rapidly growing real estate technology market by matching
home sellers with the best possible agent based on their unique needs,
and The Best Time to Sell Calculator arms sellers with more of the
information they need to make informed decisions in what can be an
emotionally and financially overwhelming process.
The below chart demonstrates the best months to close for price as well
as for speed across ten top cities.
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City Name
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Most Lucrative Month for Sales
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Fastest Month for Sales
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List
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Close
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List
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Close
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San Francisco
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September
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October
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April
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May
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Los Angeles
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April
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June
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February
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April
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New York
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September
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March
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January
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July
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Boston
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November
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January
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April
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June
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Seattle
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August
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September
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April
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May
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Chicago
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April
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June
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April
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June
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Miami
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April
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August
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May
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September
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Houston
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April
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June
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May
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July
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Philadelphia
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March
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June
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May
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August
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Phoenix
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April
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June
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April
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June
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"We expect 2018 to be another phenomenal year for home sellers as
inventory remains tight and prices hover at historically high levels.
Our goal is to make the process of selling a home not only easier and
less cumbersome, but also result in a better financial outcome for our
customers in this favorable market," said Matthew Proctor, Head of
Content Marketing at HomeLight. "HomeLight understands that the sale of
a home is one of the most significant financial decisions people make in
their lives, and if you want to sell faster and get the most money it's
crucial that you consider all of the variables at play - from what time
of year you list to your real estate agent's experience with comparable
homes."
In the past year alone, HomeLight has helped homeowners list over $3B
worth of homes. The company currently has data on over 2 million real
estate agents, with more than 35,000 agents in its network nationwide. Agents
can claim their profiles, upload additional data and transactions, and
sign up for free to be part of the HomeLight network.
To learn more about HomeLight, visit www.HomeLight.com.
About HomeLight
HomeLight is the world's leading marketplace for connecting home sellers
with the best real estate agents. HomeLight's algorithm uses real
transaction data and matches buyers and sellers with agents proven to
sell homes faster and for more money. These data-driven matches provide
objective, personalized recommendations that accurately reflect past
performance and success. HomeLight has information on over two million
agents and actively works with over 35,000 of them. With offices in San
Francisco and Phoenix, HomeLight conducts business nationwide. HomeLight
is backed by Zeev Ventures, Menlo Ventures (News - Alert), SGVC, CitiVentures, Bullpen
Capital, Crosslink Capital, Montage Ventures, GV, Innovation Endeavors
and more. For more information, visit www.homelight.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180207005686/en/
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