According to a Zillow analysis, homeowners looking to sell this year may want to wait until June to list, as homes listed in June sold for 2.3% more in 2023. This equals an additional $7,700, on average, to the median sale price. Before the pandemic, May used to be the best month to list, but since 2019, June has become more profitable. Location also impacts the best month for sellers to list.
Homeowners looking to sell this year may want to wait until June to list, when sellers tend to make the most. In 2023, homes listed in June sold for 2.3% more, according to a Zillow analysis. This equals an additional $7,700, on average, to the median sale price. Before the pandemic, May used to be the best month to list, according to Zillow. But, since 2019, June is more profitable.
While sellers make out well in the spring buying rush, homebuyers face record-high home prices and bidding wars. In a recent congressional hearing, Dr. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS®, laid out the current conditions of the housing market. She explained that the annual number of home sales for existing homes is the lowest it’s been since 1995. Buyers aren’t buying for numerous reasons.
Adding to the cost of homeownership, homeowner insurance rates are increasing throughout the entire country. For a $300,000 property, homeowners insurance rose by 12% in 2023 and now averages $1,770 annually, according to Insurify data. Certain states are getting the brunt of rising rates. Florida remains the state most affected by rate hikes, with homeowners now paying $9,213 annually, on average.
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Homeowners Sell June Zillow Analysis Profit Pandemic May Location Listing
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