Can a ‘buyers market’ in residential real estate be determined as narrowly as the best day of the year to buy?
In other words is there a day of the week where a buyer can get the best price from a seller?
Is there a month of the year where historically buyers seem to have more leverage?
Is there one day in a calendar year that, over time, buyers of residential real estate have negotiated the best possible price?
The answers? Yes, yes and yes!
From RealtyTrac…
Best Day Of The Week To Buy: Monday with a 2.3% discount
Best Month Of The Year To Buy: October with a 2.6% discount
Best Day Of The Year To Buy (days such as Christmas Day with less than 50,000 sales were removed from study): October 8th
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Article by Michael Haltman, President of Hallmark Abstract Service in New York.
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