Home sellers looking for the highest premium for their property do best in May, June, and July, according to data compiled by ATTOM. (There are metros where home prices shot up this year.)
To identify the best months to sell a home, 24/7 Wall St. reviewed the report Spring and Summer Home Sales Yield Best Days of the Year to Sell A Home published by ATTOM Data Solutions. ATTOM compared the median sales price for homes closing on a specific calendar day from 2011 to 2021 with the median automated valuation model for those same homes. The rank is based on the seller premium from lowest to highest.
In May, June, and July, the premium on home sales is 10% or above, according to ATTOM. May has the highest premium of any month at 12.6%, and that month also has the five top days to sell: May 23, May 27, May 16, May 20, and May 19.
According to real estate site Trulia, among the reasons why May is a favorable month for sellers is that the timing synchronizes with the new school year, which will not start until August or September. Also in May, the weather is beautiful and houses show better when flowers are in bloom. Another reason is that spring break vacations are over and people have not gone on summer vacation yet. Finally, prospective homeowners are flush with tax-refund money.
July has the highest median sales price at $219,900, followed by June at $217,703. June has the highest number of sales at 4,585,313, followed by August at 4,554,002. (These are cities where people can’t wait to leave.)
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October
> Seller premium: 5.2%
> Median sales price: $210,375
> Automated Valuation Model (AVN) price: $200,000
> Number of sales: 4,089,199
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November
> Seller premium: 6.1%
> Median sales price: $213,300
> Automated Valuation Model (AVN) price: $201,000
> Number of sales: 3,551,796
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January
> Seller premium: 6.2%
> Median sales price: $187,000
> Automated Valuation Model (AVN) price: $176,040
> Number of sales: 2,832,239
December
> Seller premium: 6.3%
> Median sales price: $213,564
> Automated Valuation Model (AVN) price: $201,000
> Number of sales: 3,754,043
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September
> Seller premium: 7.9%
> Median sales price: $215,000
> Automated Valuation Model (AVN) price: $199,214
> Number of sales: 4,061,746
February
> Seller premium: 7.9%
> Median sales price: $188,500
> Automated Valuation Model (AVN) price: $174,666
> Number of sales: 2,782,131
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August
> Seller premium: 7.9%
> Median sales price: $215,700
> Automated Valuation Model (AVN) price: $200,000
> Number of sales: 4,554,002
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March
> Seller premium: 8.9%
> Median sales price: $197,500
> Automated Valuation Model (AVN) price: $181,283
> Number of sales: 3,669,316
April
> Seller premium: 9.2%
> Median sales price: $202,000
> Automated Valuation Model (AVN) price: $185,000
> Number of sales: 3,811,801
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July
> Seller premium: 10.0%
> Median sales price: $219,900
> Automated Valuation Model (AVN) price: $200,000
> Number of sales: 4,503,788
June
> Seller premium: 10.7%
> Median sales price: $217,703
> Automated Valuation Model (AVN) price: $196,702
> Number of sales: 4,585,313
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May
> Seller premium: 12.6%
> Median sales price: $208,273
> Automated Valuation Model (AVN) price: $185,000
> Number of sales: 4,175,915
Methodology
To identify the best months to sell a home, 24/7 Wall.St. reviewed the report Spring and Summer Home Sales Yield Best Days of the Year to Sell A Home published by ATTOM Data Solutions. ATTOM looked at calendar days from 2011 to 2021 with at least 10,000 single-family home and condo sales. For each of the 362 days that matched this criteria, ATTOM compared the median sales price for homes closing on that day with the median automated valuation model for those same homes. The rank is based on the seller premium from lowest to highest. ATTOM’s analysis was made of 46.3 million home sales from 2011 to 2021.
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