The Best Season for Buyers is Now, Report Says

By Kelly Leighton | Oct. 24, 2022 | 2 min. read

October, November and December are the three best months for buyers.

According to ATTOM, over the next three months, buyers can save the most on home prices. While premiums are still expected to be above market value, as home prices continue to reach record highs, buyers will pay a smaller premium over the next few months. Using reports from 2013 through 2021 of more than 39 million sales of single-family homes and condos, the report found that buyers pay an an average of 3.3% premium in October, with a median automated valuation model of $215,00 and a median home sale price of $222,004.

Going into both November and December, buyers can expect to pay a premium of 3.7%, with a median AVM of $217,000 and a median sales price of $225,000. January followed, where buyers can expect to pay a 4.1% premium, due to a median AVM of $190,362 and a median sales price of  $198,157. January only fell behind February for lowest number of sales over the eight-year period.

The spring proves to be a more lucrative season for sellers, as buyers can expect to pay a heftier premium for properties. Buyers should expect to pay the highest premium in May, at 10.5%. The median AVM for the month is $199,000, while the median sales price is $219,000. Following May is April, where buyers should see a premium of 8.3%, with a median AVM of $198,600 and a median sales price of $215,000.

While this is the season for buyers, the report found specific dates in which buyers historically have gotten the most bang for their buck. Nov. 28 offers a 1.1% premium, followed by Jan. 9 with a 1.3% premium and Dec. 5 and 26, both at a 1.5% premium.

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