Central Wisconsin Home Sellers Get Ready; The Market is Hot, and about to get much Hotter!
It has been an aggressive year with far more buyers than sellers.
Wonderful news for anyone who has been thinking of selling, with prices going up and days on the market getting shorter.
Though this trend is likely to reverse by the end of the year, the next few months are about to get even hotter.
If you or someone you know has been considering making a move, this is your golden opportunity.
Give me a call, Right Away!
Bob
See what KCM and ATTOM have to say about this trend…
According 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:
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 metro, ATTOM 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
Contact a local real estate professional who can show you the market conditions in your area and get the most exposure to the buyers who are ready and willing to buy!
Now is the Time!
Give me a call and put our team of professionals to work getting your home Sold Quickly and for Top Dollar during this Golden Opportunity!
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