Housing

This Is the Best Month of the Year to Sell a House

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.