Sam Shueh
Real Trac website which tracks housing price data examined home sales and concluded the following:
"Deals that closed on Oct. 8th had the biggest average discount (~10% below estimated market value) over the rest of the days of the year. The next-best days to CLOSE escrow are: Nov. 26, Dec. 31, Oct. 22 and Oct. 15".
Homes are discounted in the fall and winter when buyers are busy planning holidays.
I personally take advantage of fall and winter. Look at homes between Thanksgiving through New Year or during superbowl game to have an edge. I closed several deals found during the lull including my own residence. Of all homes made offers unaccepted in the summer, I was able to make at listed price but never paid over since there are not many offers.
In the spring it is a disastrous for home seekers locally(Norther CA). Sellers are not ready to put their homes on the market. Inventory is low interest is strong.
Americans are sport fans. I am often the lone home viewer during sports event. I learned about sports scores from clients so if they approach me, a realtor we have some thing to talk about. I do not watch sports. I chose to watch homes. Those who need to sell their homes during the slower time are usually more willing to lower their prices.
The worst month to close on a home is April; I would pay +12% over the comp in my area on the average. I hope the mortgage interest changes to slow down the asking price. That would be optimum time to sell. During spring 2015 all my listings are sold 1st week. I had to cancel its first scheduled open house.
The previously mentioned dates are national averages; all markets are different. But you’ll typically get the lowest prices between September and February of any year. I also like to doing closing before New Year. A commission check comes handy. Can not celebrate holidays with no income.
Below are the best day to buy in the country’s biggest cities.
- Chicago: Sept. 30
- Los Angeles: Oct. 1
- Boston: Oct. 8
- San Francisco: Oct. 8
- Dallas: Oct. 22
- Miami: Dec. 31
- Washington, D.C.: Dec. 31
- Atlanta: Jan. 15
- New York: Feb. 13
If you want to view homes or time the market in San Francisco Bay Area please feel free to contact me at
(FOUR -O-Eight) 425-1601; SamShuehRealtor at Gmail.com
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