realestate

The Optimal Listing Threshold for Quick Sales

New Zillow research reveals metrics that predict listing duration and tips to speed up sales.

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nlocking the Secrets to a Speedy Sale: Zillow's Insights on Consumer Engagement

    In today's competitive real estate market, understanding what drives consumer interest can be the key to selling your home quickly and for top dollar. A recent analysis by Zillow reveals that seemingly innocuous metrics like views, shares, and saves hold significant sway over a listing's sale speed and price.

    The numbers don't lie: listings with at least 250 daily views are more likely to reach pending status within a week, while those shared 10 or more times per day tend to follow suit. But what about the homes that fly under the radar? Those averaging less than one save per day often languish on the market for over a month.

    The sweet spot for attracting higher offers lies in the number of saves: if a home receives 10 or more daily saves, it's likely to sell above asking price. And views aren't just vanity metrics – listings with 500+ daily views often sell for more than the seller's asking price.

    So, how can you get buyers to engage? By highlighting your home's most attractive features, of course! Research shows that modern amenities like outdoor showers and soapstone countertops can give your listing a significant boost. Spotlighting these popular features within your listing can increase consumer interest, helping your home sell faster and for more money.

    In short, the data suggests that by tapping into consumer engagement, sellers can gain a competitive edge in today's market. By understanding what drives interest and using it to their advantage, homeowners can turn their listings into speedy sales – and reap the rewards of a successful sale.

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