It's hard to resist the urge to buy concert tickets IMMEDIATELY after they're put on sale...you really want to see the act, and you don't want the tickets to sell out. But maybe that's NOT the best approach.
FinanceBuzz.com has a new report, which investigated pricing patterns on the secondary market . . . through StubHub, Seatgeek, and Vivid Seats. They looked at tens of thousands of ticket purchases and made some interesting observations.
Basically, they say it pays to wait. Concert-goers spent 33% less than average on tickets when buying them on the DAY OF a concert . . . and 27% less than average the DAY BEFORE.
And for music festivals, the best time to buy passes was just under two weeks before the festival . . . prices were 30% below average 13 days before the festival start, and 24% below average 12 days out.
It may feel stressful to wait until the last minute . . . but a LOT of people do it. According to the report, 25% of the concert and festival tickets that are sold on the resale market are bought in the final week leading up to the event.
(You can review the whole report at FinanceBuzz.com.)