BIG DATA SANDBOX
Home sellers have an enjoyed an extended sellers’ market over the last seven years, selling at a 2.9 percent premium above estimated market value on average, according to an ATTOM Data Solutions analysis of 14.7 million home sales from 2011 to 2017. Home sellers selling in the late spring and early summer are realizing the biggest premiums — 5.9 percent on average in May and 5.8 percent on average in June, with 17 of the 20 best days to sell in those two months.
ATTOM Data Solutions analyzed 14,729,578 single family home and condo sales between 2011 and 2017, comparing median prices for those homes — based on recorded sales deed data — with the estimated market value of those homes in the month they were sold — based on an automated valuation model (AVM) that takes into account recent, nearby sales of similar homes. The seller premium was the percentage the median sale price was above (or below) the estimated market value at time of sale.
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MAY 2018 | ATTOM DATA SOLUTIONS
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