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new report from ATTOM reveals that the best time to sell a home is in late May, with sellers likely to score the highest premiums on specific days. Despite economic uncertainty, spring remains the optimal season for selling homes. According to ATTOM's analysis of 47.9 million single-family home and condo sales from 2015 to 2024, May stands out as the top month for sellers.
May boasts two of the top five best days to sell a home, with a median sale price of $261,615 - 9.5% above the estimated value of $239,000. February ranks second for seller profits, followed by April and June at 9.1% and 9%, respectively. November is the worst month for sellers, with a significantly lower premium of 6.4%.
The report highlights May 27 as the most lucrative day to sell a home, with a seller premium of 14%. Homes sold on this day fetched a median sale price of $270,000, more than $30,000 above the estimated value. May 26 is just behind, with a seller premium of 13.7%.
While these insights can be valuable for sellers, premiums only matter if a sale actually happens. Buyers must be willing to get off the sidelines, which may be challenging amid economic uncertainties and home affordability woes. However, there are signs that the buying season could be picking up, and ATTOM's report suggests some of the market's most active times of the year are still ahead.
From 2015 through 2024, more than 4.7 million home sales occurred in June - the most for any month, according to the report. August and July were right behind at over 4.6 million and over 4.5 million home sales, respectively.
