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Unveiling the Best Days to Buy a Home: Insights from ATTOM

As homebuyers navigate the complexities of the real estate market, ATTOM, a prominent provider of property data and analytics, has conducted an in-depth analysis revealing the optimal days of the year for purchasing a home. The annual report highlights key findings that can empower potential buyers to make informed decisions while minimizing costs.

Highlights from the Analysis

In a comprehensive evaluation of over 48 million single-family home and condo sales spanning the last decade, ATTOM's report emphasizes the significance of timing in the buying process. Among the standout findings is December 24th, which emerges as the most advantageous day to close a home deal.

1. December 24th: The Pinnacle of Savings
Those who successfully complete a home purchase on this day experience an average premium of merely 3.8 percent above the automated valuation model (AVM). This unique opportunity stands in stark contrast to other times of the year, such as May 27th, when buyers face a staggering premium of 14.0 percent.

2. Low Premium Days
The analysis further reveals additional days throughout the year that offer favorable purchasing conditions. These include:
- November 6th (5.0% premium)
- September 11th (5.0% premium)
- October 9th (5.2% premium)
- November 5th (5.3% premium)
- October 2nd (5.4% premium)

Monthly Breakdowns: When to Buy

Beyond daily insights, ATTOM's report breaks down the best months for home purchases nationally:

• - October tops the list with an average premium of 7.0 percent above market value.
• - November closely follows at 7.2 percent.
• - September comes in at 7.5 percent, with August and July averaging 7.7 and 7.9 percent, respectively.

On a state level, some areas provide deeper discounts. For example, Michigan reports an impressive average discount of -2.4 percent in December. Similarly, Hawaii and Minnesota exhibit lower than market value premiums during January and November.

Methodology and Data Validation

In conducting this analysis, ATTOM examined a wide range of data, focusing strictly on days with a minimum of 15,000 sales. Out of the 10-year span from 2015 to 2024, this comprehensive study identified 362 pertinent days, excluding specific holidays such as January 1st and December 25th. The report utilized median sales prices associated with closings on these crucial days, juxtaposing them against the median AVM values to determine premiums or discounts.

About ATTOM

Renowned for its exceptional property data and analytics, ATTOM covers around 158 million U.S. properties, equating to 99% of the population. Their offerings extend beyond mere real estate metrics, encompassing vital information such as tax records, mortgage histories, and neighborhood insights, all validated through a meticulous 20-step process.

In conclusion, prospective homebuyers can harness the insights from ATTOM’s latest analysis to make well-timed decisions, ultimately leading to significant savings in their real estate endeavors. As the market fluctuates, understanding when to buy can empower buyers to navigate the complexities of home purchasing like seasoned experts.