{"id":1388,"date":"2017-10-16T18:38:21","date_gmt":"2017-10-16T22:38:21","guid":{"rendered":"http:\/\/www.trepryor.com\/blog\/?p=1388"},"modified":"2023-09-08T15:42:48","modified_gmt":"2023-09-08T15:42:48","slug":"best-month-sell-house-may-surprise","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/best-month-sell-house-may-surprise\/","title":{"rendered":"The Best Month to Sell Your House May Surprise You"},"content":{"rendered":"\n<p>It&#8217;s no secret I&#8217;m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. After I collected all the data to determine the <strong>best month to sell your house <\/strong>I was blown away. Curious?<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"450\" src=\"https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/beech_spring_farm_home3_lg-1.jpg\" alt=\"Photo of a home in Beech Spring Farm neighborhood in Louisville Kentucky\" class=\"wp-image-21622\" srcset=\"https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/beech_spring_farm_home3_lg-1.jpg 600w, https:\/\/trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/beech_spring_farm_home3_lg-1-300x225.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\">When selling your house, targeting a particular month or two can reap major rewards! | Photo: Tre Pryor<\/figcaption><\/figure>\n\n\n\n<!--more-->\n\n\n\n<p>Ok, before we jump right in. A few things I&#8217;ve learned about home prices in my real estate career.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Back in 2006, I knew more homes sold during the Summer months but I thought <em>home prices<\/em> moved ever so slowly higher, month after month after month. That&#8217;s wrong. That&#8217;s <em>very<\/em> wrong.<\/li>\n\n\n\n<li>By 2008, I now understood that these Summer months also returned greater home sale prices than even the months that followed that&#8230; same&#8230; year. Crazy, huh?<\/li>\n\n\n\n<li>Today in 2017, I (finally) decided to crunch the numbers to get a better grasp on the <em>best month to sell your house<\/em>.&nbsp; Here&#8217;s my mantra that&#8217;s similar to Papa John&#8217;s. More data, better results. Let&#8217;s go!<\/li>\n<\/ol>\n\n\n\n<p>Before I began this article, I thought the average prices would be very similar to a <a href=\"https:\/\/www.mathsisfun.com\/data\/standard-normal-distribution.html\" target=\"_blank\" rel=\"noopener\">standard Bell curve<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image alignnone\"><a href=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/bell_curve.png\"><img decoding=\"async\" src=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/bell_curve.png\" alt=\"Bell curve\" class=\"wp-image-1390\"\/><\/a><figcaption class=\"wp-element-caption\">This chart shows a normal distribution or Bell curve.<\/figcaption><\/figure>\n\n\n\n<p>And I guess to a certain degree they are. But in many ways, these results are <strong>quite different<\/strong>. This next chart shows the monthly average for 9 years worth of data.<\/p>\n\n\n\n<figure class=\"wp-block-image alignnone\"><a href=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/best_time_to_sell_house1.png\"><img decoding=\"async\" src=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/best_time_to_sell_house1.png\" alt=\"Chart 1: Best month to sell your house\" class=\"wp-image-1391\"\/><\/a><figcaption class=\"wp-element-caption\">It isn&#8217;t surprising to see how that June is the highest month but in all honesty, the rest of this chart isn&#8217;t what I had expected.<\/figcaption><\/figure>\n\n\n\n<p>Where do I start? Here are the most surprising aspects of these findings:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There&#8217;s a <em>huge<\/em> difference between December and January.<\/li>\n\n\n\n<li>Why is November higher than both September and October?<\/li>\n\n\n\n<li>I believed that May would be one of our higher months but it&#8217;s not truly much different than September through December.<\/li>\n<\/ul>\n\n\n\n<p>So what does all this mean? Well, it means different things to <strong>home sellers<\/strong> than to <em>home buyers<\/em>. Pretty much the opposite as it turns out.<\/p>\n\n\n\n<p>Let&#8217;s look at how each month compares to the yearly average.<\/p>\n\n\n\n<figure class=\"wp-block-image alignnone\"><a href=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/best_time_to_sell_house2.png\"><img decoding=\"async\" src=\"http:\/\/www.trepryor.com\/blog\/wp-content\/uploads\/2017\/10\/best_time_to_sell_house2.png\" alt=\"Chart 2: Best month to sell your house\" class=\"wp-image-1393\"\/><\/a><figcaption class=\"wp-element-caption\">June and July are the best months to get the highest sale price on your home.<\/figcaption><\/figure>\n\n\n\n<p>The green line is the average of all the averages. Then I compare each month to&nbsp;that line.&nbsp; And our findings&#8230;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Best Month to Sell Your House<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>June<\/strong>: Top month by almost 8% over average!<\/li>\n\n\n\n<li><strong>July<\/strong>: Just behind our leader, there were some years in our survey where July beat June.<\/li>\n\n\n\n<li><strong>August<\/strong>: Coming in third is&nbsp;the month of August, as you would probably guess.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Worst Months to Seller Your House<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>February<\/strong>: Even worse than January? Yup.<\/li>\n\n\n\n<li><strong>January<\/strong>: Who is out looking at houses in this cold?<\/li>\n\n\n\n<li><strong>March<\/strong>: I expected March to perform better than at least December&#8230; boy was I wrong.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Other Observations<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>I really thought April would be higher. It&#8217;s the fourth lowest&nbsp;in our survey and that completely blew me away.<\/li>\n\n\n\n<li>What&#8217;s going on in November? I understand you don&#8217;t close on the house the day you start looking so we have to believe that these are buyers who started looking in the Summer and just didn&#8217;t find what they wanted until much, much later.<\/li>\n\n\n\n<li>The average for all of the June numbers in my report is&nbsp;<span data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:186435.11111111112}\" data-sheets-userformat=\"{&quot;2&quot;:8195,&quot;3&quot;:{&quot;1&quot;:4,&quot;2&quot;:&quot;\\&quot;$\\&quot;#,##0&quot;,&quot;3&quot;:1},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:15724527},&quot;16&quot;:10}\" data-sheets-formula=\"=AVERAGE(R[1]C[0]:R[9]C[0])\"><strong>$186,435<\/strong>. This number is <em>16.9% higher<\/em> than the average for February. That&#8217;s remarkable!&nbsp; Sellers (and buyers as well) should know about this reality when it comes to selling your home for top dollar or buying your house at a true discount.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s no secret I&#8217;m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. After I collected all the data to determine the best month to sell your house I was blown away. Curious?<\/p>\n","protected":false},"author":2,"featured_media":21622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[682,680],"tags":[27],"class_list":["post-1388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-statistics","category-residential","tag-best-month-to-sell-your-house","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=1388"}],"version-history":[{"count":1,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1388\/revisions"}],"predecessor-version":[{"id":21623,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1388\/revisions\/21623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/21622"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=1388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=1388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=1388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}