noticeable drip. According to NerdWallet.com and Realtor.com, home sale prices dropped from summer to fall an average of 2.96%, which equates to $8,300 on the median home. HOME SALE PRICES ARE TYPICALLY LOWEST IN WINTER Many buyers are averse to the idea of buying a home in the colder months, but if you can hold o ff until January or February (generally not very active months in the housing market), homes can cost 8.45% less, on average, as compared to summertime. Of the 50 metro areas analyzed by NerdWallet.com, 29 had the lowest home sale prices in January, while 19 had the cheapest prices in February. “Sellers are o ft en encouraged to wait until spring to list their homes,” according to an article on Nationwide, “and those who keep their properties on the market through fall and winter may be more willing to negotiate a deal.” But because of the reasons outlined above as to why buyers tend to prefer to shop and buy in spring and summer, they o ft en miss out on the savings that could be theirs if they were to hold out until winter. As a buyer, you need to learn how to take advantage of lower You have a particular advantage if you’re a fir st-time home buyer, because you simply need to get out of a lease, rather than worrying about having to sell another property fir st, which might cause you to have to wait until the “hotter” spring market to list your home, which means you might miss out on the savings of buying in the fall and winter when home sale prices are generally lower. 37 prices in fall and winter! FIRST-TIME BUYERS
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