What is the Best Day of the Year to Buy a Home?

buy a homeIs there really a best day of the year to buy a home? According to RealtyTrac, the online marketplace for real estate information, home sales data points to a specific day in October that homebuyers should be aware of this fall. RealtyTrac analyzed data from more than 32 million single family home and condo sales from 2000 to the present and found that home buyers get the best deal to buy a home on October 8. In fact, over a 15-year period, home sales on that day are 2.6 percent below average full market value. The same report also found that April is the worst month of the year to buy a home, because buyers typically pay 1.2 percent above market value.

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Image Source: Mark Moz