According to a newly releasedstudybyATTOM Data Solutions, selling your home in the month of May will net you an average of5.9% above estimated market value for your home.
For the study,ATTOMperformed an“analysis of 14.7 million home sales from 2011 to 2017”and found the average seller premium achieved for each month of the year. Below is a breakdown by month:
ATTOMeven went a step further and broke their results down by day.
Top 5 Days to Sell:
June 28th– 9.1% above market
February 15th– 9.0% above market
May 31st– 8.3% above market
May 29th– 8.2% above market
June 21st– 8.1% above market
It should come as no surprise that May and June dominate as the top months to sell and that 4 of the top 5 days to sell fall in those two months. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, which often leads to bidding wars.
One caveat to mention though, is that whenbroken down by metro,ATTOMnoticed that while warmer climates share in the overall trend, it turns out that they have different top months for sales. The best month to get the highest price in Miami, FL, for instance, was January, and Phoenix, AZ came in with November leading the charge.
If you’re thinking of selling your home this year, the time to list is NOW! According to theNational Association of Realtors, homes sold in an average of just 30 days last month! If you list now, you’ll have a really good chance to sell in May or June, setting yourself up for getting the best price!
Let’s get together to discuss the market conditions in our area and get you the most exposure to the buyers who are ready and willing to buy!
Author:John and Ashley Lazosky Phone: 702-281-1198 Dated: May 2nd 2018 Views: 8 About John and Ashley: We are the Broker/Owners of Vegas Homes and Fine Estates. We are proud to say we have a combined 22...
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Vegas Homes and Fine Estates has over 15 years combined experience in the Real Estate industry AND have represented 100’s of buyers and sellers helping them realize their real estate dreams. As Broker/Owner of Vegas Homes and Fine Estates, I have consistently ranked in the top 1% of agents in the Las Vegas Valley. Combined with my husband and partner JOHN, we are an UN-Stoppable FORCE in the Vegas Real Estate MARKET!!! With complete knowledge of the Las Vegas marketplace and personalized client services… you can expect your home buying needs will be serviced properly and protected.
We strive for perfection here at Vegas Homes and Fine Estates and look forward to speaking with you about the Vegas real estate market !!
What If I Wait Until Next Year to Buy a Home? We recently&nb
"I can't say enough about John and Ashleys combined knowledge, experience and integrity. When they sold us our house they were able to respond quickly and show me the property. They guided us through the short sale process and were able to negotiate an $18K dollars off the banks asking price. IF you want an agent that works Real Estate as a professional and not just a hobby, then I think you should call John and Ashley. You'll be happy that you did. "