Is February The Best Time To Buy A Home

Dated: 02/19/2017

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A recent report from ATTOM Data Solutions looked at 50 million sales of single family homes and condos between 2000 and 2016 and found that homes that sold during February sell at 6.1% less than the average for the rest of the year.

The New York Times dug a little deeper and found it isn't just the weather that is a factor because warm weather climates follow a similar downward trend. We don't need to tell our readers all the reasons why winter sales prices tend to be lower, but we are curious if you would agree that February is the month when prices are at their lowest.

Housing Data 2017

We looked at the numbers for the past five years for the Mid-Atlantic region and found that January edged out February as being the month most likely to have lowest sales prices (though the two are very close). But what does it looks like at the micro-level? In the neighborhoods where you specialize which month do you think has the best deals, generally speaking?

Category: Industry News

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Chuck Rifae

Chuck Rifae has been a leading Northern Virginia Realtor since 2002. Chuck holds the advanced designation of Broker of Real Estate for both Maryland and Virginia. When Chuck is not working with buyer....

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