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11 - November • 2020 Monthly Updates • November 1, 2020

The Best Month to Buy a House

by Brian Moran

Did you know we’re quickly approaching the best month to buy a house? According to data, homebuyers save the most by buying a home in December.

The biggest savings days are December 26, when buyers pay 0.3% less than market value, and December 31 and 4, when they pay 0.1% less.

Homebuyers in Ohio, Michigan, Delaware, Tennessee, and New Jersey see the biggest December savings. Those in Ohio pay 7.4% below market value during the month.

Buyers pay the biggest premiums by purchasing in the summertime. Buying in June means spending about 7% more than market value.

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