Thursdays are the day for home price cuts.
Home buyers looking for a Black Friday deal may want to shop on Thursdays. That's the day of the week when sellers are most likely to slash their list price, according to new research from Zillow. This fall, a record 28% of sellers had cut their list price, meaning bargain hunters who can afford today's mortgage rates are more likely to snag a discount.
When sellers cut prices, 18.5% of them do so on a Thursday. However, the timing can be slightly different depending on the metro area. Buyers nationwide can be sure to see fewer price cuts on Fridays and the weekends when sellers are busy with showings and open houses.
SOURCE: Zillow