When is the best time to sell a home?
It’s gonna be May.
According to historical trends, the month of May has shown to bring a high volume of home sales at premium prices. In fact, researchers at ATTOM Data Solutions analyzed 40.1 million home sales from 2011 to 2020 and reported that home sellers, on average, saw a 13.4% above estimated market value when selling in May—the highest of any other month.
“As home sellers continue to enjoy an extended sellers’ market, moving full steam ahead from the momentum gained over the last 10 years, the month of May is particularly poised to garner the greatest sale premiums,” said Todd Teta, chief product officer with ATTOM Data Solutions. “Among the top five days fetching the biggest home seller premiums, May 23 is the best day of the year to sell a home, producing a premium of 19.3 percent above market value.”
The top 5 days to sell a home in May for a premium:
- May 16 – 17.3%
- May 19 – 16.2%
- May 20 – 16.8%
- May 23 – 19.3%
- May 27 – 17.4%
Overall, the months faring the best for home sales—offering the largest home seller premiums historically—are May (13.4%), June (11.7%), July (11.2%), April (9.2%); August (8.9%), and March (8.6%). On the other hand, the months offering the lowest home seller premiums: December (5.8%) and October (5.8%), according to the analysis.
- 5 Reasons To Sell Your Central Oregon Home This Spring
- The Importance Of Pricing Your Home Correctly When Selling
- Sell Your Central Oregon Home with Fred Real Estate Group
61% of people think it’s a good time to sell – and they’re right. Virtually every factor in today’s housing market benefits homeowners ready to make a move thanks to high buyer demand and low housing supply. (Fannie Mae)
When is the best time to sell your home?
Today’s housing market belongs to homeowners ready to sell. With the average home receiving multiple offers from buyers, sellers have serious leverage right now to set terms that work for them. If you’re ready to sell your house, there’s no need to wait for the best time to do so – it’s already here. Buyers are waiting eagerly for homes to hit the market, but ultimately, the best time to sell your home is when you’re ready to make a move.
Get in touch via the form below and let’s put a strategic plan in place to sell your Central Oregon home for top dollar and with terms that work for you: