Home prices have reached their highest level in history in a number of markets. Much of this has been driven by people who have relocated from large cities during the pandemic. Many of the housing markets in America have seen a double-digit price increase compared to the same time in 2020. The trend has created a financial bonanza for sellers. This has been compounded by a low supply of homes, brought on because of the buying frenzy.
The premium people get for their homes varies by date. ATTOM Data Solutions, a major supplier of real estate analysis, looked at 40.1 million home sales from 2011 to 2020. It included those calendar days during this period when at least 10,000 homes were sold nationwide. Because of the length of the period, the information shows the trends in years when home prices rose sharply and some in which they did not.
To pick the month when sellers got the best premium on homes over the course of a year, ATTOM Data Solutions modeled the value of homes and compared them against what sellers actually received when they sold homes.
The best month of the year was May, when the premium is 13.4%. June and July followed, and the worst two months were October and December.
| Month | Median Price ($) | Seller Premium (%) |
|---|---|---|
| May | 197,400 | 13.4 |
| June | 206,000 | 11.7 |
| July | 209,000 | 11.2 |
| April | 190,000 | 9.2 |
| August | 205,000 | 8.9 |
| March | 185,000 | 8.6 |
| February | 177,510 | 8.2 |
| September | 201,000 | 7.5 |
| January | 178,058 | 6.6 |
| November | 200,000 | 6.4 |
| October | 200,000 | 5.8 |
| December | 200,000 | 5.8 |
May 23 is the best day of the year to sell a home, producing a premium of 19.3% above market value. It was followed by May 27 (17.4%), May 16 (17.3%), May 20 (16.8%) and May 19 (16.2%).
Click here to see what was the best day of the year to sell a house.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.