My trusty spreadsheet looked at some curious house-hunting stats from real estate tracker Attom, which tallied closed transactions and median pricing patterns by day of the year between 2013 and 2022. Yes, we’re talking daily data from closings – minus the bank holidays of New Year’s Day, Independence Day, Veterans Day, and Christmas.
That data shows us that Dec. 26 is the slowest sales day of the year.
The day after Christmas averaged 4,719 closings over 10 years, 62% below the average sales day in California with 12,270 closings in these 10 years. Obviously, sales are slow this time of year because who’d want to do big business amid holiday challenges and cheer.
Curiously, those who did close deals on this day paid an average $390,000 price – 19% below California’s $480,000 10-year norm. That pricing averaged $9,200 above the estimated value – a premium that’s 56% below the typical markup of $20,700.
So it seems like post-Christmas shopping bargains are part of California housing, too.
Conversely, Sept. 30 is a typical year’s busiest day. That day averages 24,064 sales, which are 96% above-par. Pricing runs $468,000 – just 2% below average, but with a $25,900 premium that’s 25% above the statewide norm.
Consider that this day marks the end of the third quarter. That creates a push to close, especially by lenders, to get the most business into the quarterly books. June 30, the end of the second quarter, is the No. 2 day for sales volume.
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