STUDY CONFIRMS BEST TIME TO LIST YOUR HOME

The next few months are the best months of the year to sell a home. So if you're undecided as to when to list your home, NOW is the perfect time - just do it!  According to a recent ATTOM Data Solutions analysis, 19 of the 20 best days to sell during the calendar year fall in May and June.

After analyzing more than 28 million single-family home and condo sales over the past eight years, the study concluded that sellers listing around this time of the year—as the weather is warming up—will garner seller premiums.

This makes perfect sense when you consider that for most homes, spring and summer is when the outside landscaping is at is loveliest.  Also, summer is a time for vacations and outings, and people are more eager to take that trip to look at homes for sale.

Based on eight years of research, here were the best months to sell, between 2011 and 2018, prioritized by the highest seller premiums May, June, July and August, for single-family home and condo sales:

#1 June

• Number of sales: 2,881,400
• Median sales price: $200,000
• Seller premium: 9.2%

#2 May

• Number of sales: 2,657,045
• Median sales price: $190,000
• Seller premium: 7.4%

#3 July

• Number of sales: 2,752,755
• Median sales price: $199,500
• Seller premium: 7.3%

 #6 August             

• Number of sales: 2,802,268
• Median sales price: $195,706
• Seller premium: 5.8%

If you’ve been wondering what to do, there’s no doubt in our minds that it’s time to list.  That has consistently been our advice to our clients, and now here is an 8-year study to support what we’ve known from our 20 plus years of experience here on the North Fork!  Do you need any more incentive to list your home, now?  Call us, at 631 765 5333, we’ll be there, “Johnny on the spot,” to assist you.  But act soon. May is half way gone - time’s flying!!!!

Source: ATTOM Data Solutions; RISMedia Housecall, These are the Best Days of the Year to Sell Your Home, May 2, 2019, posted by Jameson Doris.