While December typically is thought of as a slow time in the real estate market, for those buyers continuing their search, it could be a holiday gift that keeps on giving. According to an analysis from ATTOM Data Solutions, December is the best time to get a great deal on a home, boasting 7 of the top 10 highest discount days of the year for buyers negotiating new home purchases. ATTOM analyzed data for over 18 million home purchases between 2013 & 2017 and found that December 26th is the best day of the year for buyers to close on a home with over a 1.3% discount on average.
Buyers continuing their search through the holiday season often face less competition for homes as well as motivated sellers which both support a better negotiating position for buyers. Many sellers are hoping to be under contract as they start the new year and have often experienced the seasonal slow down in interest on their home, making them ready to negotiate and close the deal on offers.
If you are a buyer interested in purchasing, let our team at Outer Banks Realty Solutions help you get the most for your money in your home search. You can prepare for a strong negotiating position by partnering with our team to be an educated buyer regarding market trends and prices, getting pre-approved for your home loan and knowing the must haves of your home search to help narrow your choices. Having the expertise of a strong real estate team on your side can help you take advantage of the December market and start 2019 in your new home. Call our team today at 252-261-9003 to start your holiday home search.