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Real Estate

Top 10 U.S. Metros Where Spring and Summer Home Sellers See Higher Premiums

Source: https://www.attomdata.com/news/market-trends/figuresfriday/top-10-u-s-metros-where-spring-and-summer-home-sellers-see-higher-premiums/

ATTOM’s newly released Best Days to Sell A Home Analysis reveals that the months of May, June and July offer seller premiums of 10 percent or more above market value, based on home sales over the past 11 years – with the top 15 best days to sell in the month of May alone.

According to ATTOM’s latest analysis of more than 46 million single family home and condo sales between 2011 and 2021, the Spring and Summer months continue to prove more profitable for home sellers. The report suggests that if you’re thinking about selling your home and motivated by a higher home seller premium, now may the time to sell.

The new analysis found that the Top Five Days with the highest home seller premiums included: May 23 (18.3 percent); May 27 (17.0 percent); May 16 (16.8 percent); May 20 (15.4 percent); and May 19 (14.9 percent).

The analysis also showed how seller premiums faired throughout the year broken out by month: May (12.6 percent); June (10.7 percent); July (10 percent); April (9.2 percent); March (8.9 percent); September (7.9 percent); February (7.9 percent); August (7.9 percent); December (6.3 percent); January (6.2 percent); November (6.1 percent); and October (5.2 percent).

In this post, we dive even deeper into the data behind the latest ATTOM analysis to uncover those top 10 U.S. metro areas that are seeing the greatest home seller premiums during those Spring and Summer months, based on the data over the past 11 years.

Among those top metros with 1,000 or more single-family home sales from 2011 to 2021 and with sufficient data, those where home sellers are seeing the highest premiums above market value during the month of May include: Evansville, IN-KY (77.5 percent); Terre Haute, IN (75.2 percent); Kill Devil Hills, NC (68.6 percent); Huntington-Ashland, WV-KY-OH (66.1 percent); Dothan, AL (61.1 percent); Lafayette, LA (58.3 percent); Topeka, KS (56.7 percent); Albany, GA (55.8 percent); South Bend-Mishawaka, IN-MI (54.0 percent); and Victoria, TX (51.9 percent).

Among those same top metros, those where home sellers are seeing the highest premiums above market value during the month of June include: Lafayette, LA (95.5 percent); Terre Haute, IN (64.3 percent); Huntington-Ashland, WV-KY-OH (62.6 percent); Kill Devil Hills, NC (57.0 percent); Jonesboro, AR (55.3 percent); Ottawa-Peru, IL (54.4 percent); Albany, GA (53.9 percent); San Angelo, TX (51.9 percent); Dothan, AL (51.0 percent); and Bowling Green, KY (50.4 percent).

Among those same top metros, those where home sellers are seeing the highest premiums above market value during the month of July include: Albany, GA (67.0 percent); Jonesboro, AR (66.2 percent); Terre Haute, IN (49.5 percent); Laredo, TX (48.5 percent); Kill Devil Hills, NC (47.9 percent); Bowling Green, KY (46.0 percent); Muncie, IN (45.2 percent); San Angelo, TX (45.1 percent); Topeka, KS (44.8 percent); and Brownsville-Harlingen, TX (42.9 percent).

To learn more about the data behind this article and what Attom Data Solutions has to offer, visit https://www.attomdata.com/.

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Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.