Mortgage lenders and consumers alike can take advantage of this slower period — a time when the biggest discounts over average home prices occur, based on sales data of single-family homes and condos from 2013 to 2017.
"People closing on a home purchase Dec. 26 were submitting offers around Thanksgiving and starting their home search around Halloween — likely not a common path to home purchase for most buyers and exactly why it's the best time to buy," Daren Blomquist, senior vice president with Attom Data Solutions, said in a press release.
Consumers can save an average of upwards to 1.3% or $2,500 off the sales price by striking at the right time. With
"Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations," Blomquist said.
Especially with