When is the best time to sell a home? April? May? Even December?
According to a new study from ATTOM Data, its analysis revealed that based on the last 13 years of data the best time to sell a home is during the months of May, February, and April because those months offer the highest seller premiums during the calendar year, making this month—statistically—the best 30-day period to list your property.
Based on an analysis of internal data from ATTOM—which covers 59 million home and condo sales beginning in 2011—data shows that the highest premiums sellers can realistically ask for, and get from buyers, come during the months of May, February, and April, respectively.
The data also 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.
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%); February (12.8%); April (12.5%); June (12.4%); March (12.2%); January (10.6%); August (10.3%); December (10.0%); July (10.0%); November (9.5%); September (9.5%), and October (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 27 being the best day to sell a home, with a seller premium of 16.2%. Followed by February 25 (15.9%); February 17 (15.8%); February 15 (15.7%); February 22 (15.5%); May 25th (15.4%); March 30 (15.2%); March 25 (15.1%); February 28 (15.0%); and February 24th (15.0%).
Click here for the full report.
