New study shows home sellers see 13.1 percent
premium in May; Annual analysis also looks at best months
and days to sell a home
IRVINE,
Calif., May 2, 2024 /PRNewswire/ -- ATTOM, a
leading curator of land, property, and real estate data, today
released its annual analysis of the best days of the year to sell a
home, which shows that based on home sales over the past 13 years,
the months of May, February and April offer the highest seller
premiums – making this month the time to sell your home.
An analysis of over 59 million single-family home and condo
sales from 2011 to 2023 shows that listing a property in May,
February, or April can yield higher seller premiums. The data
suggests that from early in the year through summer is not only the
busiest season for home buying but also the best time for sellers
to list their properties. Therefore, it might be the ideal moment
to place your home on the market.
May is Prime Time to Sell: Top Months to Sell a Home
Infographic
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 (13.1 percent); February (12.8 percent); April (12.5
percent); June (12.4 percent); March (12.2 percent); January (10.6
percent); August (10.3 percent); December (10.0 percent); July
(10.0 percent); November (9.5 percent); September (9.5 percent),
and October (8.8 percent).
2011 to 2023
Sales of Single-Family Homes and Condos
|
Month
|
Number of
Sales
|
Median Sales
Price
|
Median
AVM
|
Seller
Premium
|
May
|
5,360,810
|
$
230,000
|
$
203,338
|
13.1 %
|
February
|
3,641,631
|
$
212,000
|
$
188,000
|
12.8 %
|
April
|
4,880,248
|
$
225,000
|
$
200,000
|
12.5 %
|
June
|
5,834,131
|
$
237,500
|
$
211,231
|
12.4 %
|
March
|
4,805,396
|
$
220,000
|
$
196,000
|
12.2 %
|
January
|
3,748,598
|
$
210,000
|
$
189,900
|
10.6 %
|
August
|
5,739,527
|
$
235,000
|
$
213,000
|
10.3 %
|
December
|
4,695,330
|
$
230,000
|
$
209,000
|
10.0 %
|
July
|
5,611,269
|
$
235,600
|
$
214,100
|
10.0 %
|
November
|
4,470,550
|
$
230,000
|
$
210,000
|
9.5 %
|
September
|
5,102,736
|
$
231,750
|
$
211,722
|
9.5 %
|
October
|
5,118,966
|
$
228,500
|
$
210,000
|
8.8 %
|
Best Days to Sell
ATTOM also took a deeper dive to
uncover the best days to sell a home. The top 20 days fell in the
months of May, February, March, and June. Starting with
May 27th being the best
day to sell a home, with a seller premium of 16.2 percent. Followed
by February 25th (15.9
percent); February 17th
(15.8 percent); February
15th (15.7 percent); February 22nd (15.5 percent);
May 25th (15.4 percent);
March 30th (15.2 percent);
March 25th (15.1 percent);
February 28th (15.0
percent); and February
24th (15.0 percent).
Methodology
For this analysis ATTOM looked at any
calendar days in the last thirteen years (2011 to 2023) with at
least 11,000 single family home and condo sales. There were 363
days (including leap year data) that matched these criteria, with
the three exceptions being Jan. 1,
July 4, 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.
About ATTOM
ATTOM provides premium
property data to power products that improve
transparency, innovation, efficiency, and disruption in a
data-driven economy. ATTOM multi-sources
property tax, deed, mortgage, foreclosure, environmental risk,
natural hazard, and neighborhood data for more
than 155 million U.S. residential and commercial
properties covering 99 percent of the nation's population. A
rigorous data management process involving more than 20 steps
validates, standardizes, and enhances the real estate
data collected by ATTOM,
assigning each property record with a persistent, unique ID —
the ATTOM ID. The 30TB
ATTOM Data Warehouse fuels innovation in many
industries including mortgage, real estate, insurance, marketing,
government and more through flexible data delivery solutions that
include ATTOM Cloud, bulk file
licenses, property data APIs, real
estate market trends, property
navigator and more. Also, introducing our newest
innovative solution, making property data more readily accessible
and optimized for AI applications– AI-Ready
Solutions.
Media Contact:
Megan
Hunt
Megan.hunt@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
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SOURCE ATTOM