RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
RISMedia
No Result
View All Result

As Leaves Drop, So Do Home Prices

Home Latest News
By Jesse Williams
October 7, 2021
Reading Time: 2 mins read
As Leaves Drop, So Do Home Prices

Apple picking, Halloween, pumpkin spice lattes and home-buying are, in fact, all things that go very well together, according to a new report from ATTOM® Data Solutions, which found that October is the best month to get a good deal on a home as buyers paid significantly less than those who bought in the summer.

Analyzing data over a seven-year period from 2013 to 2020, the report found that in October, people paid an average of 2.9% over the median automated appraisal price of a given home. That pales in comparison to May, the most expensive month, when buyers paid an average of 11.5% over the computer-determined appraisal.

Generally, data supported the conventional wisdom, showing that colder months are better for buyers—with December and November averaging under 4% higher purchase price compared to the computer-generated appraisal—with spring and summer the ideal time for sellers, as April through July all topped 7% over valuation.

The takeaway:

Total home sales followed the same pattern as price, according to the report, with colder months seeing more than a 30% drop compared to summer months. February had the least number of sales, averaging below 2 million, with July seeing the most sales at just over 3.3 million. Sales began to decline in September before rebounding in March, the report showed.

The report also broke down data by region, as well as individual days. Unsurprisingly, colder climates saw a much larger seasonal drop in price, as Delaware, Tennessee, New Jersey, Maryland and Ohio saw homes sell for between 4.8% and 7.9% less than the computer valuation model during the winter.

Nationally, the best day to buy a home is Dec. 5, according to the report—a date where buyers only paid 1.6% above the appraisal. The most expensive days are May 23 and 27, both of which saw buyers pay 17.4% more than the home’s value.

Jesse Williams is RISMedia’s associate online editor. Email him your real estate news ideas to jwilliams@rismedia.com.

Tags: ATTOM Data SolutionsAutumnHousing MarketIndustry NewsReal Estatereal estate newsSeasonal
ShareTweetShare
Jordan Grice

Jordan Grice

As an Associate Online Editor, Jordan Grice produces a mix of content and reports for RISMedia’s online publication, daily newsletters and Real Estate magazine. He also plays a role in writing, editing and publishing content featured in RISMedia’s RealEdge Podcast page. Prior to joining RISMedia, Jordan has served as a journalist for Hearst Connecticut Media Group, The Republican and Local Voice Media (now Local Daily Media).

Related Posts

Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets
Agents

Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets

May 19, 2022
Existing-Home Sales Maintain Decline in April
Agents

Existing-Home Sales Maintain Decline in April

May 19, 2022
Mortgage Rates Decrease Slightly
Agents

Mortgage Rates Decrease Slightly

May 19, 2022
Mortgage Applications for New Home Purchases Decreased 10.6% in April
Agents

Mortgage Applications for New Home Purchases Decreased 10.6% in April

May 19, 2022
Delta Media Announces Delta Pitch—a One-Click CMA
Agents

Delta Media Announces Delta Pitch—a One-Click CMA

May 19, 2022
Set the Mood with Luxury Home Lighting Solutions
Agents

Set the Mood with Luxury Home Lighting Solutions

May 19, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Disrupter Roundup: A Beta-Way to Improve Your Social Strategy

The Playhouse app marries the recreational habit of Zillow surfing and TikTok scrolling to create an entertaining, short-form, home-viewing experience.... Read more.

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • Looking Ahead, Experts Parse ‘Overvalued’ and ‘At-Risk’ Markets
  • Existing-Home Sales Maintain Decline in April
  • Mortgage Rates Decrease Slightly

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.