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When’s the Best Month to Sell Your Home?

This Just In: Data Says May is the Best Month to Sell Your Home | MyKCMAccording to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.

For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month:

This Just In: Data Says May is the Best Month to Sell Your Home | MyKCM

ATTOM even went a step further and broke their results down by day.

Top 5 Days to Sell:

  • June 28th – 9.1% above market
  • February 15th – 9.0% above market
  • May 31st – 8.3% above market
  • May 29th – 8.2% above market
  • June 21st – 8.1% above market

It should come as no surprise that May and June dominate as the top months to sell and that 4 of the top 5 days to sell fall in those two months. The second quarter of the year (April, May, June) is referred to as the Spring Buyers

Season,

when competition is fierce to find a dream home, which often leads to bidding wars.

One caveat to mention though is that when broken down by metroATTOM noticed that while warmer climates share in the overall trend, it turns out that they have different top months for sales. The best month to get the highest price in Miami, FL, for instance, was January, and Phoenix, AZ came in with November leading the charge.

If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of Realtors, homes sold in an average of just 30 days last month! If you list now, you’ll have a really good chance to sell in May or June, setting yourself up for getting the best price!

Bottom Line

Let’s get together to discuss the market conditions in Novi, Northville, South Lyon and other surrounding communities and get you the most exposure to the buyers who are ready and willing to buy!

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Jeff Duneske

With over 23 years of experience in the real estate industry, Jeff Duneske, Broker/Owner of Duneske Real Estate Advisors at Keller Williams Advantage, has established himself as a leading expert. With a career volume of over $325 million and over 1,200 properties sold, Jeff has built a reputation for excellence, earning the trust of over 1,000 clients. Born and raised in Novi, Michigan, Jeff earned the distinguished rank of Eagle Scout at just 15 years old. After graduating from Novi High School in 1996 and the Oakland Fire Academy, Jeff initially set out to become a full-time firefighter. However, after serving as an auxiliary firefighter and EMT in Novi and Walled Lake for several years without securing a full-time position, Jeff decided to shift gears and begin his real estate career in 2000. Jeff has consistently demonstrated his drive to achieve his goals throughout his career without compromising his morals, standards, or ethics for anyone or any transaction. He has served on the Professional Standards Committee for ten years and is committed to conducting business with the highest morals, ethics, and standards. Jeff's unwavering commitment to ethical and moral standards has led to a successful real estate career. Still, more importantly, it has enriched his life and the lives of others in immeasurable ways. With a steadfast purpose to lead with honor and great promise, Jeff continues to guide his clients through one of life's most significant financial transactions, helping them achieve their American Dream. If you're looking for a real estate professional who will go above and beyond to help you achieve your goals, look no further than Jeff Duneske. Contact him today to schedule a consultation and let him guide you through buying or selling your home.

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