If you’re planning to sell your home, timing can significantly affect your return. A new analysis from ATTOM Data Solutions reveals that listing a home on certain days can lead to substantially higher seller premiums — especially in May and February.
By the numbers: The analysis, which examined home sales from 2011-2023, identified specific days when homes sold for more than the market rate…
Top 5 Best Days to Sell a Home:
- May 27: Homes sold on this day fetched a premium of 16.2%, making it the most lucrative day for sellers.
- February 25: Close behind, homes sold on this day saw a premium of 15.9%.
- February 17: Selling a home on this day typically results in a 15.8% premium.
- February 15: Homes listed on this day earned a 15.7% premium.
- February 22: Rounding out the top five, this day brought in a 15.5% premium.
What to avoid: Conversely, certain days see significantly lower seller premiums, particularly in the colder months.
Top 5 Worst Days to Sell a Home:
- January 8: The worst day to sell, with an average seller premium of only 5.6%.
- January 22: Not far behind, this day averages a premium of 6.2%.
- January 9: Selling on this day typically results in a 6.3% premium.
- December 4: Homes sold on this day earn a 6.4% premium.
- October 6: This day sees a relatively higher, but still low, premium of 6.7%.
Between the lines: The data highlights a clear pattern of higher premiums during early and late spring, with February and May standing out. In contrast, winter and late fall appear to be less favorable for sellers.
The big picture: This analysis could shift how sellers and real estate agents approach the timing of listings. By strategically choosing when to enter the market, sellers can maximize their financial gains.