According to FloridaRealtors.com, RealtyTrac analyzed 32 million single-family home and condo sales over the past 15 years. The National overview includes :
October is the best month to close
– Over the last 15 years, October buyers realized an average discount of 2.6% below full estimate market value at the time of the sale.
– Following October, the best months to buy were February, July, December and January.
– The worst month of the year to close is April, when buyers over the last 15 years have purchased at an average premium of 1.2% above estimated market value at the time of sale.
Monday is the best weekday to close
– Over the last 15 years, Monday buyers saw an average discount of 2.3% below full estimated market value at the time of sale.
– Friday is the second best week day to close on a home purchase, and buyers realized an average discount of 2.0%.
– Thursday is the worst day of the week to buy a home, with a 1.0% average discount, followed by Wednesday and Tuesday.
October 8th is the best day of the year to close
– After removing holidays such as Christmas Day, New Year’s Day, Veteran’s Day and July 4th, the analysis found that buyers who closed on October 8 realized the biggest average discount – 10.8 percent below estimated market value at time of sale.
– After October 8, the best days of the year to close on a purchase of a home were November 26, December 31, October 22 and October 15.
– The worst day of the year to close on a purchase of a home was January 19, when buyers paid an average 9.6% premium above estimated market value at time of sale, followed by February 16, April 20, April 6, and April 27.
