Dig Out the Mittens – December Offers the Best Home Buying Bargains
Posted To: MND NewsWire
While this COVID-19 positive year has certainly been an exception, spring is usually considered the optimum time , on both sides of the transaction, to buy or sell a home. A new study, by ATTOM Data Solutions, indicates that one side of the equation could be losing money. Indeed, the company says, “Buyers willing to close in December and January avoid prices well above market value.” The company looked at any calendar day over the period of 2013 to 2019 where there were 10,000 single-family or condo transactions and found 362 days that matched that criteria with the exceptions being all holidays – January 1, July 4, November 11, and December 25.
They then compared the median sales prices of homes that closed on that day with the automated valuation model (AVM) for those same homes at the time…(read more)
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