Looking to sell your home soon? According to a recent ATTOM report, you might want to sit tight. It is a seller’s market right now, but waiting for the perfect time makes the process that much easier. If you want to sell fast, May is the month to pick! While the month is almost over, June is also a fantastic month to sell.
A recent ATTOM report highlights the top five months to sell a home: May, February, April, June and March. These statistics are based on home sales from the last 13 years and the highest sales premiums each year. Selling your home during these months gives you the opportunity for 10 percent or more above market value on your for-sale property.
The infographic (above) visually represents data collected over the last 13 years, demonstrating the top five months to sell. Incredibly, homes sold in May averaged just over 13 percent above market value.
The market consistently shows major activity at the start of the year as well. February was a strong second, averaging a seller premium of 12.8 percent over market value. Behind these months, April was third with a premium of 12.5 percent above market value, then June with 12.4 percent and 12.2 percent premium in March. A full list can be found here.
To conduct an accurate analysis, ATTOM looked at the home sales data from every day between the years of 2011 to 2023. It includes the sales of 59 million condos and single-family homes nationally. Data was collected from an average of 363 days each year, excluding Jan. 1, July 4 and Dec. 25 to get the most accurate statistics.
With May crowned the “best month to sell your home,” ATTOM calculated that May 27 is the ideal day to put a home on the market, garnering a 16.2 percent seller premium. February 25, 17 and 15 were close behind with seller premiums that ranged 15.9 to 15.7 percent. Many families move after the school year finishes, explaining the jump in sales and desire for resale properties.
How were these numbers calculated? ATTOM carefully compares and reviews the median sales prices for each day of the year with the median automated valuation model (AVM). This process ensures that the data is as accurate as possible and gives homebuyers and sellers a fair vantage point of where the industry is going.