Top 10 Best Days of the Year to Buy a Home

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Buyers willing to close the day after Christmas realize biggest discounts; Analysis also looks at best months to buy at the state and metro area levels;

IRVINE, Calif. — Nov. 20, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released an analysis of the best days of the year to buy a home, which shows that only 10 days of the year offer discounts below estimated market value — seven in December, and one each in October, November and February.

According to the analysis, buyers willing to close on a home purchase the day after Christmas realize the biggest discounts below full market of any day in the year. This analysis of more than 18 million single family home and condo sales over the past five years is evidence of the hot sellers’ market of the past five years. For a detailed home sales data analysis, click here.

“People closing on a home purchase December 26 were submitting offers around Thanksgiving and starting their home search around Halloween — likely not a common path to home purchase for most buyers and exactly why it’s the best time to buy,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. “Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.”

2013 to 2017 Sales of Single Family Homes and Condos
Month Day  Number of Sales  Median Sales Price Median AVM Premium/Discount
December 26                         22,400  $                        185,500  $                        188,000 -1.3%  $    2,500
December 7                         39,217  $                        203,000  $                        205,000 -1.0%  $    2,000
December 4                         54,579  $                        190,000  $                        191,823 -1.0%  $    1,823
December 29                         64,430  $                        200,338  $                        201,658 -0.7%  $    1,320
December 21                         44,776  $                        201,777  $                        203,000 -0.6%  $    1,223
December 1                         63,653  $                        200,000  $                        201,000 -0.5%  $    1,000
October 12                         32,243  $                        205,000  $                        206,000 -0.5%  $    1,000
November 9                         41,207  $                        205,335  $                        206,000 -0.3%  $        666
February 9                         26,973  $                        174,500  $                        175,000 -0.3%  $        500
December 8                         52,628  $                        202,996  $                        203,145 -0.1%  $        149

Top 10 Best Days to Buy Infographic

Best Months to Buy

The analysis also looked at best months to buy at the national level (December) and at the state and metro level.

The states realizing the biggest discounts below full market value were Ohio (-8.8% in January); Michigan (-7.9% in February); Nebraska (-7.3% in December); Tennessee (-6.8% in December); and Delaware (-6.5% in December).

The metro areas realizing the biggest discounts below full market value were Dayton (-13.1% in January); Detroit (-12.8% in February); Cleveland (-12.0% in January); Honolulu (-10.3% in June); and Milwaukee (-9.3% in December).

Methodology

For this analysis ATTOM Data Solutions looked at any calendar day in the last five years (2013 to 2017) with at least 10,000 single family home and condo sales. There were 362 days that matched this criteria, with the four exceptions being Jan. 1, July 4, Nov. 11 and Dec. 25. To calculate the premium or discount paid on a given day, ATTOM compared the median sales price for homes with a purchase closing on that day with the median automated valuation model (AVM) for those same homes at the time of sale.

About ATTOM Data Solutions

ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs, market trends, marketing lists, match & append and more.

Media Contact:

Christine Stricker

949.748.8428

christine.stricker@attomdata.com

Data and Report Licensing:

949.502.8313

datareports@attomdata.com

Please contact us if you have questions about the underlying data referenced in this article, or would like to have access to that data in the form of custom reports, API, Bulk File or DaaS.

9 Responses to “Top 10 Best Days of the Year to Buy a Home”

November 26, 2018 at 10:10 am, The Increase of Existing Home Sales said:

[…] 10 Best Days of the Year to Buy a Home  On Tuesday ATTOM Data Solutions released an analysis of the best days of the year to buy a home, which shows that only 10 days of […]

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November 27, 2018 at 8:04 am, Cy-Fair schools in great shape and other news… – Southern Provincial said:

[…] A five-year analysis of single-family home and condominium sales showed Dec. 26 is the best day of the year to close on a home, according to Irvine-based property data firm ATTOM Data Solutions. […]

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November 29, 2018 at 10:12 pm, Want to Buy a Home? Close on December 26 for the Best Price of the Year - BOSTWICK INVESTMENTS, LLC said:

[…] analysis comes from real estate data company ATTOM Data Solutions, who found that, across the country, seven of the top 10 days to buy a home because of price […]

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December 04, 2018 at 7:45 am, Want to Buy a Home? Close on December 26 for the Best Price of the Year said:

[…] analysis comes from real estate data company ATTOM Data Solutions, who found that, across the country, seven of the top 10 days to buy a home because of price […]

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December 05, 2018 at 4:47 am, Wondering when to buy a house? Buying in winter solves this big problem. said:

[…] most likely to get a house at a discounted price, based on a 2018 ATTOM Data Solutions analysis of housing prices sitting below market value. Runner-up dates for cheap houses include December 7, 8, 4, 29, 21, and […]

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December 06, 2018 at 3:01 am, Best closing day for buyers? Dec. 26 · Pennsylvania Association of Realtors said:

[…] buy a house, at least. According to ATTOM Data Solutions, for those buyers looking for a bargain, Dec. 26 is the best day to close on a home to have the […]

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December 09, 2018 at 5:42 pm, December is the best month to buy a home for less – Social Ownership said:

[…] new report by ATTOM Data Solutions analyzed 18 million single-family home and condo sales over the past five […]

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December 18, 2018 at 7:58 am, Real Estate in Brief: Best days to close, new renter data and more said:

[…] purchase most of us will ever make. According to research from Attom Data Solutions, which analyzed 18 million home transaction records between 2013 and 2017, home purchases closed on Dec. 26 fetched an average discount of around 1.3 […]

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