It's snowing outside and the temperature is dipping down into the teens. You snuggle on the couch with an electric blanket. The pantry is stocked with non-perishables. You're determined not to leave the house until the spring sun turns up, though you're not sure how you would explain that to your boss come Monday morning.
Then you start fantasizing about buying a house. You've heard rumors that a buyer's market prevails in winter. Are the considerations strong enough to pull you off of the sofa?
Spring and summer are the most active real estate months
Most real-estate transactions take place in the spring and summer for a number of practical reasons: Pleasant weather conditions encourage people to leave their own homes to view prospective new houses. Moreover, homes tend to look their best in these two seasons, with the trees and flowers in bloom. Families with school-aged children prefer moving during school summer vacation, and lastly, moving on a warm summer day avoids the mess and hassle that may be caused by a snowy day.
During the winter, a buyer's market generally prevails
Since the spring and summer are the most active real estate months, many home sellers wait until these seasons to list their homes. Though there are fewer home sellers who list their homes in the winter, they often have reasons why they can't wait until the spring or summer to sell their homes, such as job relocation.
The fewer number of home sellers and the deadlines that these home sellers face can work to the home buyer's advantage. However on the other hand it does limit your choices. Though this may seem to be a fault, the smaller selection can save you a lot of time. Do you really want to traipse through fifty houses in search of your new home? It may be simpler to view the handful of homes for sale in the winter and choose the one that best suits your needs.