U.S. homes listed late last May sold for 1.6% more — typically $5,600 — than any other time of year, according to a new Zillow report.
Why it matters: Mortgage rates remain elevated this spring.
Some shoppers have adjusted to higher rates, though many still feel priced out or find few options available.
The big picture: The "best time to sell," per Zillow researchers, depends on where you live.
Last year, it was as early as March in metro areas including San Diego (+2%) and Austin, Texas (+2.3%), and as late as November in Phoenix (+1.4%).
The intrigue: A national analysis by Realtor.com found the ideal week to list is coming up between April 13 and 19.
The latest: The average rate on the 30-year mortgage has stayed just under 7% for nine straight weeks, Freddie Mac data shows.
What we're watching: Mortgage rates continue to dictate the sluggish housing market.
"When rates fall, more buyers rush in, putting upward pressure on prices, which could happen at any time of year," Zillow senior economist Orphe Divounguy said in the report.