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Buyers willing to close in October avoid prices well above market value; Analysis narrows in on best days to buy nationwide and best months to buy at the state level
IRVINE, Calif., Oct. 6, 2022 /PRNewswire/ — ATTOMa leading curator of real estate data nationwide for land and property data, today released its annual analysis of the best time of the year to buy a home, which shows that the month of October, as well as the winter months, offer homebuyers the best deals – fetching lower premiums than other months of the year.
According to the analysis, buyers who close in October will get the best deal compared to the spring buying season. While the premium is still above market value, homebuyers are only dealing with a 3.3% premium, as opposed to the month of May, when homebuyers are experiencing an 10.5% premium. This analysis of more than 39 million single family home and condo sales over the past nine years is evidence of the continuation of a hot sellers’ market (see full methodology below).
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2013 to 2021 Sales of Single-Family Homes and Condos |
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Month |
Number of Sales |
Median Sales Price |
Median AVM |
Discount/Premium |
|
October |
3,515,328 |
$222,004 |
$215,000 |
3.3% |
|
November |
3,028,121 |
$225,000 |
$217,000 |
3.7% |
|
December |
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Full story available on Benzinga.com
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