Selling In The Summertime Can Offer You 10% More In Sale Price
Summertime is upon us and while it has been a stormy last few days in Pompano Beach, South Florida is about to enjoy some of the best weather in the world. This Sunday the 10th of May marks the beginning of Summer. It also marks the season where home sellers can enjoy a 10% increase in the sales price of their home, according to ATTOM home sales data over the last 8 years.
There are 9 days in the year that offer home sellers a 10% sales price increase and with the exception of the day after Valentine’s Day, all of them occur in the Summer. Most of the remaining days occur in May and June.
Why Is Summer The Best Season For Home Selling In Pompano Beach?
Home showings are much more convenient without the rain. Moving your beloved velvet chaise is much easier in good weather. Sunny skies create a natural environment of optimism and a prosperity mindset. Summer months are the months that people get moving.
Todd Teta, chief product officer with ATTOM says, “Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”
In Pompano Beach we also enjoy the ocean and tourism which brings in international home buyers from all around the world. Our culture here in South Florida is in celebration under clear skies and we enjoy a lot of recreational time outdoors. It is the season of movies on the beach, concerts on the beach, and yacht cruises on glistening ocean and the ICW.
The 9 Best Days To Sell A Home For Seller Premiums Above 10%
- June 28 (10.8 percent seller premium)
- May 31 (10.7 percent seller premium)
- June 21 (10.7 percent seller premium)
- June 20 (10.6 percent seller premium)
- May 24 (10.5 percent seller premium)
- June 17 (10.5 percent seller premium)
- June 29 (10.1 percent seller premium)
- February 15 (10.1 percent seller premium)
- May 29 (10.1 percent seller premium)
Best Months To Sell A Home For Higher Seller Premium
- June (9.2 percent)
- May (7.4 percent)
- July (7.3 percent)
- April (6.4 percent)
- March (6.1 percent)
- August (5.8 percent)
- February (5.6 percent)
- September (4.7 percent)
- November (4.0 percent)
- January (3.7 percent)
- October (3.3 percent)
- December (3.3 percent)
Stats are cited from FloridaRealtors.org article here.