Ever since states began easing restrictions on home showings and COVID-related business closures in late spring, the housing market has seen a flurry of homebuyer activity spurred by low interest rates and the collective desire to settle into the perfect home while quarantining.

However, buyers who have held out until now could see the greatest rewards for their patience: the best days of the year to buy a home are Dec. 4 and Jan. 26, when buyers will likely see the best deals, according to an analysis by Attom Data Solutions released Monday.

Attom examined more than 27 million single-family and condo sales over the past seven years, and calculated the premium or discount paid on any given calendar day with at least 10,000 condo or single-family home sales.

Overall, December is the best month to buy, with homebuyers only paying a premium of 1.5 percent above market value on average. Still, both December 4 and January 26 are the optimal dates to purchase a home, when buyers won’t have to pay above market value.

By month, however, November is the second best month to buy a home, according to the analysis. Buyers can expect to pay only 2 percent above market value on average. In contrast, in June, when market competition is often heating up, buyers can expect to pay premiums of 6.9 percent on average.

For the biggest discounts, buyers should shop around in the following states during winter months: Ohio (discounts of 7.4 percent in January); Michigan (discounts of 7.2 percent in February); Delaware (discounts of 6.3 percent in February); Tennessee (discounts of 6.2 percent in January); and New Jersey (discounts of 5.8 percent in December).

Email Lillian Dickerson

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription