Best Time To Sell A Home In Each Metro Area: Report

NEW YORK, NY — Selling a home is a lot more complicated than just putting a “for sale” sign in the yard. Are the baseboards white enough? Is that weird smell in the guest bedroom a deal-breaker for any potential buyers? Is there too much furniture in a room? 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. A new analysis from the folks at ATTOM Data Solutions, which pored over the details of nearly 15 million home sales from 2011 to 2017, found that May is the best month to sell. Homeowners who sold in May saw the biggest premiums above estimated market value — an average of nearly 6 percent — of any month.

The California-based company, which provides data on tax, mortgage, deed, foreclosure and other property information, found that the single best day to sell is June 28. Those sellers saw on average a premium of more than 9 percent above estimated market value.

But those numbers are based on the U.S. as a whole. They found that the smartest month to sell could be April, July, August or even January, depending where you live.

The analysis also found that 17 of the 20 best days of the year to sell were in May and June.

Here are the top five:

June 28

• Median sale price: $204,000
• Median estimated value: $187,000
• Seller premium: 9.1 percent above estimated market value

Feb. 15

• Median sale price: $169,000
• Median estimated value: $155,000
• Seller premium 9.0 percent above estimated market value

May 31

• Median sale price: $207,000
• Median estimated value: $191,189
• Seller premium 8.3 percent above estimated market value

May 29

• Median sale price: $199,000
• Median estimated value: $183,910
• Seller premium 8.2 percent above estimated market value

June 21

• Median sale price: $200,000
• Median estimated value: $184,970
• Seller premium 8.1 percent above estimated market value

The company 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 — based on automated valuation model. The model factors in recent, nearby sales of similar homes.

Want to see what your home is worth? Head over to Realtor.com and enter your address.

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

Photo credit: Joe Raedle/Getty Images