Redfin: This is how much an open house can boost your home sale

Homes with open houses sell faster and for more money.

Technology has transformed the housing market by digitizing almost every aspect of the home buying process.

In 2019, Americans are able to sell, purchase and finance a property all from the comfort of their own home.

However, despite these technological advancements, data suggests that traditional selling methods might still have the upper hand.

According to a recent analysis by Redfin, American home sellers are now making $9,046 more on average just by hosting open houses.

“Holding an open house is an efficient way for sellers to get more eyes on a home, and a bigger pool of potential buyers can help lead to a higher ultimate sale price,” Redfin Chief Economist Daryl Fairweather said. “In many areas, homes that are already primed for competition tend to be the ones with open houses because the listing agent knows it will attract a lot of attention and wants to set up a convenient way for multiple potential buyers to pop in at once instead of making several appointments for private tours.”

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