May Is The Best Month For Seller Premiums

By: Gem Home Loans

Everybody with a home to sell wants to get as much as they can for it. But beyond sprucing it up and making sure it looks its best, what else can you do to be certain you get a good offer? Well, according to a new analysis from ATTOM Data Solutions, you can also choose the right day to sell.

ATTOM looked at 40.1 million home sales between 2011 and 2020 to determine which days of the year brought sellers the biggest premiums. The results show the month of May gives homeowners their best shot to sell their home above its estimated market value. Todd Teta, ATTOM’s chief product officer, says May – which had 10 of the best days to sell – also had the single best day based on premiums.

“The month of May is particularly poised to garner the greatest sale premiums,” Teta said. “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.” Overall, May sales were found to be 13.4 percent above estimated values. However, if you have to wait until June, don’t despair. Premiums are still nearly 12 percent as the spring market rolls into summer. (source)

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