{"id":4033,"date":"2024-05-06T06:52:03","date_gmt":"2024-05-06T10:52:03","guid":{"rendered":"https:\/\/www.deeds.com\/articles\/?p=4033"},"modified":"2024-06-16T10:16:23","modified_gmt":"2024-06-16T14:16:23","slug":"feeling-merry-why-sellers-love-the-month-of-may","status":"publish","type":"post","link":"https:\/\/www.deeds.com\/articles\/feeling-merry-why-sellers-love-the-month-of-may\/","title":{"rendered":"Feeling Merry: Why Sellers Love the Month of May"},"content":{"rendered":"\n
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The best time to sell a home is in the first half of the year<\/em>, declares a high-profile real estate data firm. The ATTOM firm just came out with its annual take on the best days of the year to sell a home<\/a>.<\/p>\n\n\n\n

To ensure accuracy, ATTOM reviewed sellers\u2019 profits from tens of millions of house and condo sales, dating back from 2011. The upshot? In May, sellers are most likely to get more than their asking price. In case you\u2019re curious, the study did pinpoint the very best day to sell. It\u2019s May 27.<\/p>\n\n\n\n

That\u2019s pretty exciting \u2014 but it\u2019s also a generalization. Let\u2019s take a closer look.<\/p>\n\n\n\n\n\n\n\n

Survey Says\u2026 In Spring, Sellers Get More Profits.<\/h2>\n\n\n\n

More deeds change hands, and for more money on average, when late spring rolls around. We know this as the National Association of REALTORS\u00ae has tracked sales and published the stats for 25 years. Notably, home sales surge in February and March. As spring bursts through the winter lull, listing prices tend to rise.<\/p>\n\n\n\n

ATTOM\u2019s 2024 analysis offers dramatic indicators. It shows home sellers getting a 13% premium in May. May 27, ATTOM claims, is \u201cthe best day to sell a home, with a seller premium of 16.2%.\u201d The next best day, according to ATTOM, is May 25.<\/p>\n\n\n\n

Selling typically continues at a brisk pace through the summer months: June, July, and August. The 2-million-plus deed conveyances that happen in these four months add up to 40% of the typical year\u2019s deed transfers.<\/p>\n\n\n\n

In most areas, May and June are the busiest two months for recorders of deeds. June typically wins for the most homes sold overall.<\/p>\n\n\n\n

This matters not just to buyers and sellers, but also to deed recorders\u2019 offices. A recorder of deeds brings a county hundreds of thousands of dollars in recording fees and revenue. A successful year at the county deed recorder\u2019s office is good news for your county\u2019s local and state services.<\/p>\n\n\n\n

The Seasonal Cycle Is Well Known\u2014But What\u2019s the Benefit in Knowing About It?<\/h2>\n\n\n\n
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Those who are able to plan in advance might pick spring or summer months to sell their homes, in order to benefit from a very real seasonal price lift. They can also take note of the seasonal stats to predict how quickly a home will sell.<\/p>\n\n\n\n

Buyers, too, can use this information to their advantage. Statistically, first-time buyers and renters flock to the spring and summer market the most. And of course, many parents prefer summertime moves \u2014  so they don\u2019t interrupt their children\u2019s school year. Even among buyers who don\u2019t have children, there\u2019s a preference for spring and summer moves. <\/p>\n\n\n\n

By early September, home shopping may cool off. Some people take their summer breaks at this time. In some cities and towns, real estate experiences an August pause. In these areas, locals list before and after August.<\/p>\n\n\n\n

If you can\u2019t time your sale around market cycles, never fear. Summer is certainly not the end of the real estate year! In some markets, more deeds are transferred in the autumn months than in any other time. Late-year sellers have advantages, too:<\/p>\n\n\n\n