#United States #Irvine #Real Estate Market #Home Selling #ATTOM Data

The Best Time to Sell Your Home Is in May

Selling a home is often a daunting task, filled with numerous questions about timing, pricing, and marketing. Recent data compiled by ATTOM, a renowned source for real estate analytics and property data, provides clear guidance on when homeowners should consider entering the market. According to their analysis, the month of May emerges as the best time for sellers to maximize their profits. Let's delve into the details of this important finding.

In-Depth Analysis of Home Sales

From a comprehensive review of over 47 million sales of single-family homes and condominiums from 2015 to 2024, ATTOM's report highlights seasonal trends impacting seller premiums. The research indicates that listing a property during May, along with the preceding months of February and April, tends to yield the highest financial returns for sellers. Specifically, homes sold in May enjoyed a remarkable average premium of 9.5% above estimated market values.

Monthly Seller Premiums

To provide more context, here’s a breakdown of seller premiums by month, according to the analysis:

• - May: 9.5%
• - February: 9.4%
• - April: 9.1%
• - June: 9.0%
• - March: 8.8%
• - January: 7.8%
• - July: 7.4%
• - August: 7.3%
• - December: 7.2%
• - September: 6.9%
• - October: 6.6%
• - November: 6.4%

These figures underline a clear pattern: early spring, particularly May, emerges as a golden opportunity for home sellers.

Best Days to Sell a Home

Further dissecting the data, ATTOM's analysis also pinpoints the best specific days within those months to sell a home. The data reveals that the peak day for the highest seller premium is May 27th, offering sellers an impressive premium of 14%. Following closely are:

• - May 26th at 13.7%
• - March 31st at 12.9%
• - March 30th at 12.6%
• - April 28th at 12.5%
• - April 29th at 12.2%

Taken together, these insights suggest that timing is everything in real estate. Sellers should plan their listings meticulously to coincide with these favorable dates.

Understanding the Methodology Behind the Data

To arrive at these insights, ATTOM analyzed calendar days in the last decade, focusing on days with at least 10,000 single-family home and condo sales. The selection method is robust, ensuring reliability in results. A notable exception included widely recognized holidays like January 1st, July 4th, November 11th, and December 25th, which were excluded due to atypical market conditions.

About ATTOM Data

ATTOM is at the forefront of real estate data analytics, claiming comprehensive coverage of roughly 99% of U.S. properties. Their insights are invaluable not just for sellers, but for buyers, investors, and real estate professionals wanting to make data-driven decisions. With diverse offerings such as property data APIs and market trend analytics, ATTOM fuels smarter choices across various sectors.

Conclusion

In conclusion, for homeowners contemplating selling, May stands out as the most lucrative month to list a property. Understanding the dynamics of the real estate market and leveraging this data can lead to substantial financial benefits. So, prepare your home now, and consider aligning your sale with the advantageous days discussed to maximize your return!