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May And June Net Highest Return On Home Sale
Recent Data Says June and July Are The Best Months To Sell Your Home
Denise Rivers with Matt Wielgos
According to a newly released study by ATTOM Data Solutions, selling your home in the months of June or July are best in the Cincinnati and Dayton real estate markets, while national figures show May will net you an average of 5.9% above estimated market value for your home.
For the study, ATTOM performed 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 based on national averages:
ATTOM even 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 nationally 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. Some may be surprised to see June (Cincinnati) and July (Dayton) as top months in the respective markets
One caveat to mention though is that when broken down by metro nationally, ATTOM noticed 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. Click here to see CINCINNATI. Click here to see DAYTON
If you’re thinking of selling your home this year, the time to list is NOW! According to the National 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!
Contact me today to schedule your listing appointment. I'll show you the market conditions in your area and help you get the most exposure to the buyers who are ready and willing to buy! Clickherefor my contact or text MattW to 85377.