If you’re looking to buy a home, the right time could be right now.

A new analysis of U.S. home sales from 2013 to 2021 found that October had the lowest average premiums of any month, followed closely by the fall and winter months.

The analysis from Attom, a firm specializing in real estate and property data for more than 155 million properties in the country, used data from any day with more than 10,000 home sales.

Alban Xhema, a licensed real estate salesperson in Philadelphia, said less competition during the end of the year can make buyers’ offers more attractive but notes that low inventory also may make buyers more willing to jump on a property if they’re home shopping during this time.

“I don’t think sellers are any more willing to make concessions in the fall or winter,” Xhema said, adding that the fewer buyers who are shopping create competition among themselves.

Still, when you’re making the most attractive offer out of five instead of out of 15, your chances of sealing the deal are higher.

Attom’s analysis also took a look at the best time to buy in every state.

In Pennsylvania, “it’s a little later in the winter than in other parts of the country, but basically from fall on is when you get the best deals,” Sharga said. December was the best time to buy in the Keystone State, according to Attom, with a 0.9% discount off market value.

Sales in New Jersey saw prices fall the most in February, when they dipped 3.9% below market value. That was the steepest discount of any month in any state.

For more information: inquirer.com