Did you know that there are certain days of the year that rank high in regard to selling a home? Some may believe that putting a home on the market any time of the year is a great idea. What if we had data that highlight the best days of the year to sell a home? Look no further than the article published by Realtor Magazine published on May 2nd. According to ATTOM Data Solutions, the specific dates to watch are May 24, June 20, June 21, May 31, and June 28. ATTOM Data Solutions analyzed over 28 million single-family home and condo sales over the past 8 years to determine the best time of year to sell a home. We may already have an inkling to their results considering late spring and early summer are the hottest times to sell a home.
There are several factors to why this time of year is so attractive to buyers and sellers. As we all know, summer is a time for vacations, outings, gatherings, and other social events that families partake in especially since most kids are out of school on summer break. Most families start their new home search when the kids are on summer vacation, which also gives the seller’s a great opportunity in negotiations. The months that offer the greatest seller premiums, in general, according to the ATTOM Data Solutions study, are June (a 9.2% premium); May (7.4%); and July (7.3%). With all of that said, here is hope to sellers who may have listed their homes in November looking for buyers, your time of year to sell is only a few weeks away!!