Report: Home Seller Premiums Highest In May, June
Summer is the most popular time of year for house hunters and a new report shows which months and days they pay the most.
ATTOM Data solutions examined more than 28 million home and condo sales over the last eight years. It found certain months and days when sellers earned the highest premiums — that’s the percentage difference between the median sales price and the estimated market value.
June was the month with the greatest seller premiums at 9.2 percent followed by May at 7.4 percent and July at 7.3 percent.
In a prepared statement, Todd Teta, ATTOM’s chief product officer said, “Since Summer is a time for vacations and outings, it’s no surprise that it’s also a time when most people are likely to move. Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”
ATTOM’s analysis also found five days in May and June when seller premiums were more than 10 percent.