Timing is everything, especially with a major investment like a home purchase. Given that every market fluctuates slightly different depending on the season, gauging the opportune moment is tough. However, a homebuying study from NerdWallet shows the best time to buy is generally in the wintertime.
- Home sale prices are highest in the summer, softer in the fall and lowest in the winter.
- On average, homes cost 8.45 percent less in the months following the holidays compared to summertime.
- The biggest difference between sale and list price is in October, at an average $18,943.
- For 29 metros, January held the least expensive home prices.