ATTOM: May, June and July offer seller premiums of 10% or more above market value. The top 15 best days to sell are in the month of May.
IRVINE, Calif. – Based on home sales over the past 11 years, the months of May, June and July offer seller premiums of 10% or more above market value – with the top 15 best days to sell in the month of May alone, according to ATTOM’s annual analysis of the best days of the year to sell a home.
According to the new study, sellers who wait for the weather to heat up will receive the hottest seller premiums as well. This analysis of more than 46 million single-family home and condo sales between 2011 and 2021 is evidence that spring and summer are when people are looking to buy; therefore, if you’re looking to sell your home soon, now is the time.
“April showers may bring May flowers, but May brings home sellers the best opportunities to watch their profits grow,” said Rick Sharga, executive vice president of market intelligence at ATTOM. “Homeowners looking to maximize the price premium they can claim on their homes should sell their properties in May, June, and July when buying activity is at its peak.”
Best months to sell
The analysis also took a more high-level look and showcased how seller premiums faired throughout the year and broke it out by month.
The months realizing the greatest seller premiums were as follows: May (12.6%); June (10.7%); July (10%); April (9.2%); March (8.9%); September (7.9%); February (7.9%); August (7.9%); December (6.3%); January (6.2%); November (6.1%); and October (5.2%).
Methodology: For this analysis, ATTOM looked at any calendar days in the last 11 years (2011 to 2021) with at least 10,000 single-family home and condo sales. There were 362 days that matched this criteria, with the four exceptions being Jan. 1, July 4, Nov. 11 and Dec. 25. To calculate the premium or discount paid on a given day, ATTOM compared the median sales price for homes with a purchase closing on that day with the median automated valuation model (AVM) for those same homes at the time of sale.