ATTOM Analysis: Buyers Closing on December 24 Pay the Year's Lowest Premium at 3.2%; July Is the Best Month to Buy
Property data company ATTOM on November 12 released its annual best-days-to-buy analysis from Irvine, California: after examining more than 48 million single-family home and condominium sales over the past 10 years, it found that buyers who close on December 24 pay the lowest premium of the year, with the median sales price just 3.2 percent above the automated valuation model (AVM) value. The highest premium falls on May 27, at 14.5 percent.
The other low-premium days cluster in July: July 10 at 3.5 percent, July 9 at 4.1 percent, July 3 and July 2 at 4.3 percent each, and July 17 at 4.6 percent. Nine of the ten lowest-premium days of the year fall in July.
By month, July is the best month to buy, with a 6.3 percent premium, followed by November at 7.4 percent and October at 7.8 percent, with September and December both at 8.2 percent.
By state, Hawaii and Michigan are the only two states where buyers saw a discount below market value in their best month: 1.8 percent below in Hawaii in January and 1.7 percent below in Michigan in November. Buyers in Connecticut in January and Minnesota in December paid 0.0 percent premiums, and Illinois buyers in November paid just 0.1 percent, close to market value.
The analysis covered every calendar day from 2016 through 2025 with at least 10,000 single-family home and condominium sales, 362 days in total, excluding January 1, July 4, November 11 and December 25. The premium is calculated by comparing the median sales price of homes closing on a given day with the median AVM value of those same homes at the time of sale; a negative figure is a discount. The analysis is based on the closing day, not the day a contract is signed.
Source: ATTOM
Published by GSM · USA (original Chinese edition)
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