Home buyers could save a median of $2,500 if they close on December 26, according to a recent report from ATTOM Data Solutions.
Overall, Realtor.com reports that December is the best month to save on a home, as fewer buyers are in the market. After the 26th, Dec. 7, with $2,000 median savings; Dec. 4, with $1,823; Dec. 29, with $1,320; and Dec. 21, with $1,223, offered the best prices. Closing during the holidays requires submitting an offer approximately one month prior.
"Very few buyers are looking for homes to buy around the holidays, which means less competition for the few contrarians out there who are buying," Daren Blomquist, senior vice president at ATTOM, said in a statement. “Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.”
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