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!
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
Article by Michael Haltman, President of Hallmark Abstract Service in New York.Google+