The Best Time To Purchase A Home

MADISON, Wis. - Nov. 20, 2015 - PRLog -- RIS Media, The Best Day of the Year to Buy a Home, September 11, 2015
• The best month to buy is October
RealtyTrac analyzed more than 32 million sales of single family homes and condos since 2000, and found that the month where buyers have gotten the best deal on average is October. Of the 2.7 million sales closed in October over the last 15 years, the average sales price was 2.6 percent below the average estimated full market value at the time of sale. Following October as best months to buy were February, July, December and January.

• The best weekday to buy is Monday
Buyers closing on a Monday realized an average discount of 2.3 percent below full estimated market value at the time of sale. Friday is the second best weekday to close on a home purchase, with a 2.0 percent average discount.

• The best day of the year to buy is October 8
Analyzing the monthly data by day of the year, the best day to close on a home purchase at a bargain price was October 8, when, on average, buyers have purchased 10.8 percent below estimated market value at the time of the sale—followed by November 26, December 31, October 22, and October 15.

RealtyTrac analyzed the best day of the year to buy to get the biggest discount in major metro areas across the country. They found that while in most markets, the best day to buy is in the fall or winter months, there are some exceptions. The best time to buy can vary by market.

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