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Data Says May Is The Best Month To Sell Your Home
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.','facebook_advanced','461835979'); return false;" target="_blank" rel="nofollow" style="box-sizing: content-box; margin: 2px 5px 2px 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1em; font-family: "Open Sans", helvetica, arial, sans-serif; vertical-align: middle; text-decoration: none; outline: 0px; max-width: 100%; color: rgb(255, 255, 255) !important; text-align: center; transition: all 0.2s linear; text-transform: none; background-image: none; -webkit-font-smoothing: antialiased; display: inline-block; transform: translate3d(0px, 0px, 0px); background-clip: padding-box; background-color: rgb(58, 87, 154) !important; border-radius: 3px; box-shadow: rgba(0, 0, 0, 0.2) 0px -4px 0px inset;">890
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!
Contact me today to talk about what you might need to do to get ready to list your home!
Credit to KCM Crew original article link: https://www.keepingcurrentmatters.com/2018/05/02/this-just-in-data-says-may-is-the-best-month-to-sell-your-home/
I'm an agent located in the Portland Metro area working at Pete Anderson Realty. I am young, determined, motivated and driven. I am savvy online and know my way around social media and other online ad....
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