Selling a Home in May? These Cities Command a Premium
- Home sellers should look at timing to achieve best price
- The best month to sell can vary greatly by metro area
Photographer: David Paul Morris/Bloomberg
This article is for subscribers only.
Timing is everything when it comes to the housing market. There are key contributing factors such as the economy and the business cycle. There is the psyche of buyers -- where everything from the job market to interest rates to weather can play a role. With this in mind, ATTOM Data Solutions analyzed almost 15 million home sales from 2011 to 2017 to determine the best month to sell a home.
Probably because schools are out and the summer heat hasn’t yet arrived, the report found that June 28th is the best day of the year nationally. The average seller sees a 9.1 percent premium above the estimated market value on that day.