There are nine days on the calendar that offer home seller premiums of 10% or more, according to new data from ATTOM Data Solutions.
According to the analysis, sellers who want to wait for the weather to heat up will receive the hottest seller premiums as well. This analysis of more than 28 million single family home and condo sales over the past eight years is evidence that summer is when people are looking to buy, therefore if you’re looking to sell your home soon, now is the time to start.
“Since Summer is a time for vacations and outings, it’s no surprise that it’s also a time when people are most likely to move,” said Todd Teta, chief product officer with ATTOM Data Solutions. “Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”
The analysis also took a more high-level look and showcased how seller premiums fared throughout the year and broke it out by month.
The months realizing the greatest seller premiums were as follows: June (9.2%); May (7.4%); July (7.3%); April (6.4%); March (6.1%); August (5.8%); February (5.6%); September (4.7%); November (4.0%); January (3.7%); October (3.3%); and December (3.3%).
| 2011 to 2018 Sales of Single Family Homes and Condos | ||||
| Month | Number of Sales | Median Sales Price | Median AVM | Seller Premium |
| June | 2,881,400 | $ 200,000 | $ 183,124 | 9.2% |
| May | 2,657,045 | $ 190,000 | $ 176,875 | 7.4% |
| July | 2,752,755 | $ 199,500 | $ 186,000 | 7.3% |
| April | 2,372,242 | $ 184,063 | $ 173,000 | 6.4% |
| March | 2,247,224 | $ 178,000 | $ 167,782 | 6.1% |
| August | 2,802,268 | $ 195,706 | $ 185,000 | 5.8% |
| February | 1,694,513 | $ 170,000 | $ 160,938 | 5.6% |
| September | 2,423,163 | $ 190,000 | $ 181,507 | 4.7% |
| November | 2,094,175 | $ 188,173 | $ 181,000 | 4.0% |
| January | 1,762,726 | $ 170,000 | $ 163,909 | 3.7% |
| October | 2,440,413 | $ 188,000 | $ 182,000 | 3.3% |
| December | 2,223,542 | $ 188,000 | $ 182,000 | 3.3% |
