SWPRE Labs - Home Sales Price Based on Month Sold

Posted by George Alexander on Wednesday, May 6th, 2020 at 9:46am.

SWPRE Labs - Home Sales Price Based on Month Sold. Derived from ATTOM Data News: "Annual Analysis Reveals New Best Days of Year to Sell a Home." ATTOM collected sales data on over 33,000,000 transactions from 2011 to 2019.

ATTOM's analysis pinpointed the very best days to sell a home. In general, the day of sale is considered the day Seller(s) and Buyer(s) have executed a contract. We believe that is the underlying assumption in the ATTOM analysis. There are many independent variables that impact the exact day a home sells. The Seller(s), the Buyer(s), listing brokerage and their involved agents and staff, and buyer brokerage and their involved agents and staff, can impact on the day a contract is executed.

SWPRE Labs utilized the ATTOM baseline data. In SWPRE Labs' analysis, December was utilized as the baseline. December was the month with the lowest projected home value. The ATTOM analysis was then used to build a model of expected sales prices by month on a typical $500,000 home sale.  

As is generally perceived in the real estate community, June is the best month to sell a home. And October and December are the worst months to sell a home. From a buyer's perspective, the opposite is true. The model suggests that October and December may be the best months to buy a home.

For more information, contact George Alexander, CFO, SWPRE & SWPRE Philanthropy at 713.918.9951 or george@swpre.com for additional information.

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