5 Best Dates of the Year to Buy a House

There's no perfect time to buy a house, but there are seasons, months, and even days that tend to offer better conditions (and often better deals) than other times of the year. Are you considering buying a house in the coming year? Here are the five best days, as well as the best week and month, of the year to do it.

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According to ATTOM Data Solutions, the single best day to buy a house is December 5. Over the past eight years, buyers have paid just 1.6% more than their home's estimated value on this day -- the lowest premium of the entire year. That means for a house valued at $200,000, you'd pay a mere $203,200.

And considering some days in May claim a whopping 17.4% premium
-- or $234,800, in the case above -- that's pretty darn appealing.

This one's not too surprising, but according to ATTOM's analysis of home sales (dating back to 2013), the day after Christmas is the second-best date of the year to buy a house.

On this day, homebuyers pay just a 2% premium -- or $204,000 on a $200,000 house. If you opt for this date, just be mindful of the stress it might put on your holiday celebrations. Mortgage loan closings also tend to take a while, and movers may be hard to come by around the holidays.

ALSO READ: 3 Reasons I Have No Intention of Buying a House

January 6 is the third-best day to buy a house, requiring a mere 2.2% premium, while November 9 comes in at No. 4 with a 2.3% premium.

They're actually the only non-December dates on ATTOM's top five list, though November -- as a whole -- is one of the better times to buy a home, according to its analysis. Overall, November buyers pay around 3.9% more than their home's estimated value.

Care to ring in the New Year with a new house? Apparently, you'll get a good deal on it. According to ATTOM's study, December 31 is the fifth-best day to buy a house, requiring just a 2.4% premium over a home's estimated value. Also, wouldn't it be fun to pop that midnight champagne in your brand new place?

ALSO READ: How to Buy a House: A Step-by-Step Guide

Despite all the December dates we've talked about, October is actually the single-best month to buy a house. Analysis shows buyers pay around 2.9% more than their home's estimated value versus December's 3.4%. These are national numbers, though, and buyers in some states could actually pay much less.

In Delaware, for example, buyers average a 7.9% discount in February, while Tennessee buyers save 7% by purchasing in January.

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October is the best month to buy a house, and the best week -- also in October -- is October 3 to 9. According to data from Realtor.com, buyers could save around $10,000 by purchasing during these seven days. The analysis shows this week offers more inventory, less competition, and better pricing. There are even more price reductions too.

There's no way to perfectly time your real estate investment, and though these dates and months can offer a helpful guide, they may not be the best dates to buy in your market. Make sure you talk with a real estate agent in your area to gauge the best days and seasons to purchase a home in your area.

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