The Best Time To Sell A Home In NYC

NEW YORK, NY – Selling a home is a lot more complicated than just listing. Are the baseboards white enough? Is that weird smell a deal-breaker for any potential buyers? Is there too much furniture in a room or not enough?

Fortunately, a new analysis has taken out some of the guesswork on one of the most important factors when selling a home: when to sell. In New York City, the best month is apparently July.

That’s according to an analysis from the folks at ATTOM Data Solutions, which pored over the details of nearly 15 million home sales from 2011 to 2017. It groups New York City in with Jersey City and Newark.

Nationally, May is the best month to sell a home, according to the California-based group which provides data on tax, mortgage, deed, foreclosure and other property information. Homeowners who sold in May saw the biggest premiums above estimated market value — an average of nearly 6 percent — of any month.

But New York, as usual, bucks the trend.

Here’s how that breaks down in New York:

• Best month to sell: July
• 2011 to 2017 median price: $350,000
• 2011 to 2017 single family and condo sales: 791,498
• Seller premium in smartest month to sell: 3.5 percent

The analysis compared median prices for homes based on recorded sales deed data — with the estimated market value of the homes in the month they were sold.

If you’re looking to buy a new home, check out these listings from realtor.com.

Patch reporter Dan Hampton contributed to this report.