Realtor^® Magazine says that history shows that this is the week when “Homeowners looking for the greatest price premiums may find the best opportunities.” That would certainly be edifying for area homeowners who have already listed their St. Cloud properties. And for those who’ve been on the fence, the just-released report by the ATTOM analysts might well serve as a reason to join them sooner rather than later.

ATTOM is the self-described “leading curator of real estate data” from throughout the U.S. Their multi-sourced records cover 99% of the nation’s population. For readers who are familiar with spreadsheets, the scope is impressive—their 20 terabytes of data fill nearly 30 billion rows of transaction-level data, further broken out into 9,000 data attributes.

That’s a lot of data attributes.

All that historic information is for sale to specialists, but even John Q. Public can guess that at least one of the attributes must be “seller premium” because that is the subject of last week’s press release, Sellers May Nab Highest Price Premiums in May. Seller premium is a measure of the premium above market value that buyers have paid at closing. This is calculated as a percentage of actual dollars paid above the standard automated valuation model (AVM) figure. Needless to say, every additional percentage point shown in the ‘seller premium’ column would make for some champagne-glass-raising.

It has long been generally accepted that spring and summer are the best seasons for home seller profits—and this new analysis of sales from 2010-2021verifies that. But beyond that, the top three months are upon us.

May shows an average seller premium of 12.6%.

June comes in second, with 10.7%.

July is third, with 10%.

In case you are one of those whose St. Cloud property is currently listed, this week in history has included three of the top five days of the year (May 16, 19, and 20)—days when price premiums have peaked between 15% and 18% over the past 11 years. That is perhaps doing a bit finer analysis of the data than is really meaningful, especially since these are the U.S., rather than specifically St. Cloud, results. Even so, the May, June, and July premiums really do look intriguing. If your own St. Cloud property is part of the soon-to-list category, the timing could hardly be better! I hope you’ll give me a call.  

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Multiple Office Locations To Serve YOU!

Saint Cloud 320-259-4554

Princeton 320-983-3555

Sartell 320-259-4554

Little Falls 320-259-4554

Minneapolis 763-565-2000

Hutchinson 320-455-9127

Litchfield 320-298-1140

Premier Real Estate specializes in MANY areas around Central MN including Saint Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, Saint Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, Saint Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center, Brainerd, Nisswa, Aitkin, Albany, Coon Rapids, Sauk Rapids and more!