Redfin on the Today Show tomorrow.

Glenn Kelmann will be on with Al Roker Friday morning at 7:40am sharp.

He’ll be giving a forecast on the housing market and sharing some tips to help move a house in slow market. The angle? They’ve developed these tips according to “scientific analysis” of market conditions. The full report is available at www.redfin.com/scientist and they claim it to be “the first to combine academic research, listing data from broker databases, and traffic patterns from a real estate website.”

For those of you who just can’t wait, here are Redfin’s seven tips to selling a home (from their press release):

1. Don’t overprice your property: According to a 2002 academic study of 3,490 California listings, homes without a price reduction sold for 97 percent of initial list price, whereas homes with a price reduction sold for 88 percent of initial list price.
   
   
2. Set your price to show up in web searches: A September 2007 Redfin study analyzed how online search filters affect traffic to a listing. Because real estate sites filter on price in $25,000 or $50,000 increments, listings priced at or below these thresholds — $250,000 rather than $251,000, or $325,000 rather than $326,000 — get as much as 7.1 percent more online visits.
3. Debut on Friday: A December 2007 Redfin analysis of its online traffic for 119,079 listings across seven markets found that listings that debut on Friday get on average 7.7 percent more visitors in their first seven days than those that debut on the worst day, Thursday.
4. Stay engaged with your agent: According to several academic studies, motivated, active sellers are able to sell their property as much as 30 percent faster.
5. Market the property online: Promoting a listing on websites beyond the local Multiple Listing Service can drive a significant number of new online visits to a property. A December 2007 analysis of 121 Redfin listings found that promoting the listings on craigslist resulted in an average of 6.8 online visits to the property for each craigslist promotion.
6. When selling your home, stay put: The study of 3,490 California listings, cited earlier, found that vacant homes were 9.5 percent more likely to undergo a price reduction.
7. Wait to list your property until neighboring foreclosures are off the market: According to a November 2007 report from the Center for Responsible Lending, a foreclosure costs neighboring homeowners an average of $5,000 when listing their property.

Hardly earth shattering revelations, but Redfin once again demonstrates their true mastery of the PR game. Kudos for that.

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