“Quality vs. Quantity” Trade-Off
Which side of that question you come down on ” plus your own pre-Labor Day plans ” likely govern whether you list your home before or after Labor Day weekend (or, advise your client to).
In a nutshell, here’s the two-part “for” case: 1) with less housing market activity generally, new listings will stand out more**; and 2) there may be fewer active Buyers then, but the ones who are, are more serious.
In other words, quality over quantity.
“Bloom Off the Rose?”
Which leaves the “against” case ” namely, the chances of “something happening” dip as the market slows down generally.
Homes that list now will have accumulated 2-3 weeks of unhelpful market time by early September, when most Buyers will discover them.
In other words, just long enough for the “bloom to come off the rose” ” “the bloom” being the 8-10 day new-to-market phase that represents home sellers’ best shot at fetching full price (or above).
Bottom line: it’s a close call.
When that’s the case, personal circumstances are the usual tie-breaker.
**Note, however, that in an ongoing Twin Cities seller’s market characterized by too-little inventory, not a lot of choice new listings are getting lost in the crowd.
See also, “Labor Day Weekend Traffic.”
