Over the last 15 years, October buyers realized an average
discount of 2.6% below full estimated market value at the time of sale.Following
October, the best months to buy were February, July, December and January.The
worst month of the year to close is April, when buyers over the last 15 years
have purchased at an average premium of 1.2% above estimated market value at
the time of sale.
Monday is the best weekday to
close
Over the last 15 years, Monday buyers saw an average discount
of 2.3% below full estimated market value at the time of sale.Friday is the
second-best weekday to close on a home purchase, and buyers realized an average
discount of 2.0%.Thursday is the worst day of the week to buy a home, with a
1.0% average discount, followed by Wednesday (1.4% discount) and Tuesday (1.9%
discount).
Oct. 8 is the best day of the
year to close
After removing holidays such as Christmas Day, New Year's
Day, Veteran's Day and July 4, the analysis found that buyers who closed on
Oct. 8 realized the biggest average discount – 10.8 percent below estimated
market value at time of sale. After Oct. 8, the best days of the year to close
on a purchase of a home were Nov. 26 (10.1% discount), Dec. 31 (9.7%), Oct. 22
(9.6%), and Oct. 15 (9.1%).The worst day of the year to close on a purchase of
a home was Jan. 19, when buyers paid an average 9.6% premium above estimated
market value at time of sale, followed by Feb. 16 (9.5% premium), Apr. 20 (9.5%
premium), Apr. 6 (8.4% premium) and Apr. 27 (8.2% premium).
