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Market Watch

ATTOM breaks down best times to sell a home

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Market Watch
Wednesday, May 24, 2023

ATTOM released its annual analysis of the best days of the year to sell a home, which shows the months of May, June and April offering seller premiums of 10 percent or more above market value – with the top 16 best days to sell in the month of May alone.

Results are based on home sales across the past 12 years.

A recent analysis of over 51 million single-family home and condo sales from 2011 to 2022 suggests that waiting for the weather to warm up before selling a property can result in higher seller premiums. The data indicates the spring and summer months are the most active for homebuying, making it an ideal time for sellers to list their homes if they are considering selling soon. Therefore, now may be the perfect time to put your home on the market.

The study also showcased how seller premiums faired throughout the year and broke it down by month.

Months realizing the greatest seller premiums were: May (12.8 percent); June (10.7 percent); April (10.3 percent); March (9.7 percent); July (9.6 percent); February (8.7 percent); August (8.2 percent); September (8.0 percent); January (7.5 percent); October (6.8 percent); December (6.8 percent), and November (6.3 percent).

June led all months in median sales price at $228,000 followed closely by July at $227,500. Rounding out the top three were August at $225,000 and September at $223,000.

May, October, November and December all registered next highest $220,000.

For this analysis, ATTOM looked at any calendar days in the last 12 years with at least 11,000 single family home and condo sales. There were 362 days matching these criteria, with the four exceptions being Jan. 1, July 4, Nov. 11 and Dec. 25.

 

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