Tis’ The Season For Home Buying

    The holidays are right around the corner, which means it’s the best time of the year for festive parties, eggnog, and giving (and receiving!) the perfect gifts.

    And, apparently, it’s also the best time of the year to buy a home.

    According to a recent analysis from real estate data firm ATTOM Solutions, the best days of the year to buy a home all fall in the month of December. And the two best days of the year to buy a home just so happen to coincide with peak holiday season—December 26, the day after Christmas (-0.3% below full market value) and December 31, New Year’s Eve (-0.1% below full market value).

    “Closing on a home purchase the day after Christmas or on New Year’s Eve can be one of the most financially beneficial holiday-season gifts you can get,” said Todd Teta, chief product officer with ATTOM Data Solutions, said in the article. “While lots of folks are shopping the day-after Christmas sales or getting ready to ring in the New Year, our data shows that buyers and investors are buying homes on those days at a discount. That’s a far cry from buying during June, when they are likely paying about a 7 percent premium.”

    The Takeaway:

    So, what does this mean for you? If you’re thinking about buying a home, you should definitely consider giving yourself the gift of homeownership this holiday season. Not only will it make for a happy holiday, but it can also make for a great deal.

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    Peter Sweeney

    Hello Colorado, thank you for taking the time to visit our website! We are a Colorado rooted brokerage whose founder's grew up in the Denver Metro Area. We are passionate about creating a culture of happy agents which then relays to the amazing service they provide to clients. If we can help you in any way, with any Real Estate needs, please do not hesitate in contacting us. Thank you again for taking the time!

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