The Best Month for Homebuyers
A new analysis by LendingTree shows that homebuyers can save thousands by purchasing during a specific month.
According to the study, January is the best time to buy a home, with average savings of $23,000 on a 1,500-square-foot home compared to buying in May.
“The winter months bring seasonal obligations and inclement weather, resulting in the typical home seller not wanting to have their home on the market, ready for a showing at any time,” said Doug Perry, Strategic Financing Advisor at Real Estate Bees.
Perry notes that sellers tend to avoid listing their homes during the winter months due to added stress, making January a more favorable time to buy.
Author's summary: January is the best month to buy a home, with significant savings compared to peak season.