A Slow Market Will Be the End for Some Real Estate Agents, but It Doesn’t Have to Be for You
As much as the frantic pace of a “hot” market creates a lot of headlines and excitement, they’re not actually the best of times for
Thinking About Selling Your Home? May Is the Time To Make a Move
If you’re thinking about selling your home, you want to list it at a time when it’s going to sell at the highest premium.
And, as it turns out, that time is in May.
According to a recent analysis from ATTOM Data Solutions, which reviewed over 40 million home sales between 2011 and 2020, on average, homeowners sell their properties for 13.4 percent above the estimated market value in May—the highest of any month.
And, depending on which day you sell, that number could be even higher. According to the analysis, the top five most profitable days of the year to sell a home all fall in May:
- May 16 at 17.3% (over the estimated market value)
- May 19 at 16.2%
- May 20 at 16.8%
- May 23 at 19.3%
- May 27 at 17.4%
The Takeaway:
So, what does that mean for you? The most profitable day of the year to sell a property is quickly approaching—so, if you’ve been thinking about selling your home (and want to sell it for a solid profit!), now is a great time to make a move.
