BIG DATA SANDBOX
KNOW WHEN TO
MAY AND JUNE DAYS DOMINATE THE LIST
Home sellers have enjoyed an extended sellers’ market over the last eight years, selling at a 5.6 percent premium above estimated market value on average, according to an ATTOM Data Solutions analysis of 28.3 million home sales from 2011 to 2018. Home sellers selling in the late spring and early summer are realizing the biggest premiums — 9.2 percent on average in June and 7.4 percent on average in May, with 19 of the 20 best days to sell in those two months.
ANALYSIS OF
HOME SALES IN LAST EIGHT YEARS Spring & Summer Home Sellers Bear Biggest Sale Premiums
MAY 24 Home sales analyzed: 90,563 Median sale price: $192,500 Median est. value: $174,500 *Seller Premium: 10.5%
JUNE 20 Home sales analyzed: 110,471 Median sale price: $199,000 Median est. value: $180,000 *Seller Premium: 10.6%
JUNE 21 Home sales analyzed: 93,878 Median sale price: $200,000 Median est. value: $180,737 *Seller Premium: 10.7%
MAY 31 Home sales analyzed: 134,443 Median sale price: $207,570 Median est. value: $187,521 *Seller Premium: 10.7%
JUNE 28 Home sales analyzed: 112,809 Median sale price: $205,000 Median est. value: $185,000 *Seller Premium: 10.8%
*seller premium above market value
METHODOLOGY ATTOM Data Solutions analyzed 28,351,466 single-family home and condo sales between 2011 and 2018, 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.
34 think realty housing news report
may 2019 35
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