What Is The Best Day To Buy A House?

Dated: October 19 2022

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There is an adage that the best time to buy real estate is always yesterday. Historically that has been true, but what if you cannot buy yesterday?
Home buyers hoping to buy without busting their budget may be in luck. Because mortgage rates continue to climb and prices remain high, the best days to buy a home are ahead of us, according to a new analysis from ATTOM Data Solutions. The research looked at 39 million single-family home and condo sales over the past nine years to narrow the days buyers get the best deal. The results show buyers who bought on November 28 paid the lowest premium at just 1.1 percent above market value, making it the best day to buy a home.
 
December took five of the next six best days to buy, with premiums of 2 percent or lower on December 5, 26, 19, 12, and 24. Rick Sharga, executive vice president of market intelligence at ATTOM, says seasonality has always affected prices. “Seasonality has always had an impact on home prices, which tend to weaken in the fall and winter months when there’s less buying activity,” Sharga said. “Savvy home buyers can take advantage of those lower prices and less competition from other buyers once the leaves start to turn.”
The MikeDowner.com website is the most comprehensive online source for Southwest Florida real estate information and services. Whether you are looking for the latest sales, trends, or homes for sale in Collier County and Lee County in Florida, Mike Downer and Coldwell Banker Realty have it all at your fingertips. Browse information regarding short sales, foreclosures, new construction, investment property, land sales, or commercial locations throughout Southwest Florida at www.MikeDowner.com or call Mike at 239-722-6453. #homebuyers #homesforsale #investment

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Michael Downer

Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....

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