<\/p>\n
As if today\u2019s high mortgage rates weren\u2019t enough to deter homebuyers, there\u2019s one more thing that might keep consumers from buying up real estate this spring \u2014 high-than-average seller premiums.<\/p>\n
A new analysis shows that sellers enjoy premiums of 10% in May and June, meaning the price they eventually sell their homes for in these months? Those are coming in a whopping 10% above the home\u2019s actual worth.<\/p>\n
On two upcoming days in May, the premium is even higher.\u00a0<\/p>\n
May 26 and May 27 are two of the worst days to buy a house<\/p>\n
If you don\u2019t want to overpay for your new house, you\u2019ll want to avoid buying on May 26 or May 27. ATTOM Data Solutions found that on these days, you\u2019ll pay some of the highest premiums around on real estate.<\/p>\n
On May 26, for example, you\u2019ll pay an average 14.7% more than a home\u2019s market value, or $265,000 compared to a $231,000 average value. On May 27, it\u2019s 13.5% \u2014 or $283,000 versus $249,000. Both are among the top five days of the year in terms of seller premiums.<\/p>\n
More Real Estate & Mortgage<\/p>\n
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May dates in general are high in terms of seller premiums. The month is tied with April, with homes selling for an average 10.2% more than their estimated market value in those months. The only month to beat out those is March, with average seller premiums of 10.7%.\u00a0<\/p>\n
\u201cLooking at performance across the full calendar year, seller premiums were highest in the spring,\u201d ATTOM says. \u201cBased on more than 52 million single-family home and condo sales from 2015 through 2025, homes listed in March, May, and April achieved the highest premiums compared to estimated market values.\u201d<\/p>\n
The absolute worst day to buy a house is February 29, which comes with a 15.3% seller premium. March 31 and March 29 also made the top five, along with May 26 and 27.\u00a0<\/p>\n
If you’re buying a house, there are two days in May you might want to avoid.<\/p>\n
Photo by The Good Brigade on Getty Images<\/p>\n
Buying a house may cost you less in the fall and winter<\/p>\n
If you can hold off on buying a house for a few months, ATTOM\u2019s data shows that seller premiums drop as we get into the cooler seasons.\u00a0<\/p>\n
\u201cThe data shows a clear seasonal pattern,\u201d ATTOM says. \u201cSeller premiums tend to build early in the year, reaching their highest levels in late winter and spring before gradually tapering off through the summer and fall.\u201d<\/p>\n
Unfortunately, there are no months when the average sale price comes in lower than estimated home values, but there are months that can save you cash over others. Home seller premiums are lowest in October (7.9%), September (8%), and November (8.3%), according to the data.<\/p>\n
\u201dWhile homes still sold above estimated values throughout the year, the data shows a clear narrowing of premiums outside of peak season,\u201d ATTOM says. \u201cThis trend aligns with increased buyer demand during the first half of the year, creating more competitive conditions that can drive stronger sale prices.\u201d<\/p>\n
Related: More Housing News<\/p>\n
#Homebuyers #face #worst #days #buy #house<\/p>\n","protected":false},"excerpt":{"rendered":"
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