The best and worst times of year to sell a house

The analysis found that seller premiums were highest in June (9.2%), May (7.4%), and July (7.3%). The median sales price for homes sold in June was $200,000 with an AVM of $183,124 and homes sold in May had a median sales price of $190,000 and an AVM of $176.875 — meaning that, on average, homes sold for more than what they were valued at.

Bankrate also explains that kids going back to school at the end of the summer may encourage homebuyers to act quickly. Those looking to buy a house during the summer may want to be moved in before the school year starts. Therefore, homebuyers shopping around during the warmer months could be more inclined to close a deal faster than buyers during other times of the year.

Those who sold their homes during colder months — namely, October and December — reported much lower seller premiums than those who sold their homes in the summer. Homes sold in October and December sold for a median price of $188,000 with an AVM of $182,000, only making a 3.3% premium for the seller.

Shorter days, higher travel rates, and the commencement of a new school year leads to fewer people venturing outside to look for a home, and those who do buy homes tend to pay less for them.

The median sales price of homes sold in January and February was $170,000, and the lowest numbers of home sales also occurred during those months. In January, about 1.76 million homes were sold, compared to about 2.8 million in June. In February, only 1.69 million homes sold.

If you're trying to sell your home, try to strike while the iron — and the weather — is hot.

• Read more:
• The 9 biggest mistakes people make when they try to sell their homes, according to real-estate agents
• 11 things that make a home unsellable, according to real-estate agents
• 6 signs you should sell your home, according to experts
• 13 real-estate agents reveal the strangest and most extreme requests they've ever received from clients