This Just In: Data Says May Is The Best Month To Sell Your Home

    According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.

    For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month:

    ATTOM even went a step further and broke their results down by day.

    Top 5 Days to Sell:

    • June 28th – 9.1% above market
    • February 15th – 9.0% above market
    • May 31st – 8.3% above market
    • May 29th – 8.2% above market
    • June 21st – 8.1% above market

    It should come as no surprise that May and June dominate as the top months to sell and that 4 of the top 5 days to sell fall in those two months. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, which often leads to bidding wars.

    One caveat to mention though, is that when broken down by metro, ATTOM noticed that while warmer climates share in the overall trend, it turns out that they have different top months for sales. The best month to get the highest price in Miami, FL, for instance, was January, and Phoenix, AZ came in with November leading the charge.

    If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of REALTORS®, homes sold in an average of just 30 days last month! If you list now, you’ll have a really good chance to sell in May or June, setting yourself up for getting the best price!

    Bottom Line

    Contact a local real estate professional who can show you the market conditions in your area and get the most exposure to the buyers who are ready and willing to buy!

    Source: KCM

    Thinking of Selling? Click Here!

     

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Central Virginia area.

    Testimonials

    April, Curt and Blake with Joyner Fine Properties has had a paragon of patience through our search for finding land to build new houses on. Considering, we did not always know exactly what we wanted. If there was a better rating than “A”, this group would get it. They are instrumental in helping find what it is that we are looking for. They are always so quick to respond and always present fantastic options to us. It is a pleasure having Joyner and their agents represent us and can always say ou…
    Mark & Doris C. (Buyer)