Thinking about selling and not sure when? Everybody knows location is important in real estate especially Arizona. But, if you've got a home to sell, when you do it makes a difference. And while experts will tell you that trying to time the real estate market is a mistake, there are certain times of year that are undeniably better for home sellers than others.
For example there are studies out there. Like ATTOM Data Solutions has released a new analysis that pinpoints the time of year when home sellers can get the highest premium for their homes. The results show home sellers that list their homes in May, June, or July see a seller premium between 7 and 10 percent.
Todd Teta, ATTOM's chief product officer, says late spring and early summer are always peak months – though this year may be different.
“Timing the housing market is far from an exact science,” Teta said. “But home sellers who want to get the highest price should aim to complete their deals during the peak house-hunting season in late spring or early summer, when the most potential buyers are out looking. This year could be a striking exception if many potential home buyers stay home because of coronavirus social distancing or worries about job security.”
Looking more into the analysis also found that 20 of the best days of the year for home sellers were in May and June, with June 21, 22, and 29 in a three-way tie for highest seller premium at 10.5 percent.
The snowbirds from all over the US and Canada throw a monkey wrench in this Data. Surprise has 2 real estate seasons. One for the Retirement club, and the other for the multi Generational club. Sometimes the real estate experts are looking at the entire market. When selling in some of the popular Retirement communities in Surprise like Sun City Grand, Arizona Traditions, you may want to contact me for more information. Some of the retirement communities are still highly lived in and will have different hot times to sell. Area, Location, Retirement are all different specs on the data.