The Best Days To Find New Listings
Historically low inventory levels and high demand in the Oahu real estate market mean you have to move fast when buying property. Homes stay on the market for an average of 14 days, from listing until a contract (offer) is accepted. When you see the home you’ve been looking for, it’s important that you move quickly and make the first offer.
To help you on the search for your dream residence, Locations LLC compiled listing data from 2014 to 2016 and calculated the average number of new listings posted each weekday over a two-year period.
ONE REASON TO LOVE MONDAYS
On average, Monday is when the metaphorical flood gates open and the MLS (multiple listing service) releases the newest listings. Why? Most agents are working all day during the weekend when all their clients are available, and Monday morning is when they have time to enter their new listings into the MLS. More specifically, from 9 a.m. to noon is when you will see the highest number of new listings.
New listings continue through the beginning of the week (Monday and Tuesday). A good strategy would be to front-load your week with browsing homes before and after work on Monday/Tuesday, then work with your agent to schedule viewings that work with your work schedule.
WEEKENDS ARE FOR VIEWINGS
There are very few new listings on Saturday and Sunday. Use the weekend to visit open houses and view the homes you found during the week. Since the MLS is a ghost town on weekends, there’s no need to worry about missing that perfect listing you’ve been waiting for.
It’s important to remember that there are new listings posted every day, so it’s always good to look just in case that property you’ve been waiting for hits the market on Thursday, for instance. Use Locations’ website (locationshawaii. com) or mobile app (search “Locations” in the app store) to filter for new listings in one place.
Lastly, don’t get discouraged. You may have an offer rejected or get outbid by a cash buyer, but that’s a normal part of Honolulu real estate. If you remain vigilant and trust in your agent, you’ll find the home you’ve been searching for.