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6 days ago2 min read

Found Your Dream Home? Congratulations!!


Waiting for the perfect market conditions might cause you to miss out on great opportunities. If you're ready to buy now, this time could actually work in your favor. Let’s look at why.


Slower Market = More Time to DecideAs the weather gets colder, the real estate market tends to slow down, which works in the buyer's favor. According to the National Association of Realtors (NAR), homes tend to stay on the market longer in winter (see the green bars on the graph below).



This slowdown happens because fewer buyers are active, reducing competition. With less competition, homes don’t sell as quickly, giving you more time to consider your options and negotiate.


Sellers May Be More Open to NegotiationWinter means longer selling periods, so sellers are often more motivated to close deals. This gives buyers more room to negotiate. Without the rush of summer demand, sellers are more likely to entertain better terms, such as price adjustments, closing costs, repairs, or including appliances in the deal.


Winter Homes Can Be More AffordableWith less buyer competition and more flexible sellers, home prices can drop slightly. NAR data shows that home prices are typically about 5% lower in the winter compared to summer peaks. While this might not seem like much, for a $400,000 home, that's a $20,000 savings!



A graph showing the median sales price for existing homes over the last 12 months reveals that winter prices were lower (see the green bars). This trend is likely to continue this year, allowing you to make the most of your budget.


ConclusionBuying a home in the winter means less competition, more negotiation power with sellers, and potentially lower prices. Work with a local real estate expert to find the right home at the right price!



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