At what time of year is it better to buy a house in the USA

In different parts of the country, popular home buying seasons are different. Photo: depositphotos.com

The price of a house in different states varies in different ways depending on the time of year. Analysts polled by Go Banking Rates told which months it is best to buy a house in order to save money.

Midwest

The most popular months for sellers and buyers are the spring and summer months. This makes the price higher. “In the Midwest, owners try to sell their home during the warmer months. There is more demand during these months. You can ask for much higher prices,” says Stacy Titsworth, regional manager for PNC Mortgage in Pittsburgh. According to her, if you wait until winter, you can save a lot - firstly, you will avoid competitors, the seller will more easily agree to your terms. Secondly, in a fairly harsh winter it can be very expensive to maintain a house, and the seller will be much more accommodating. After all, the faster he sells the house, the more he will save on winter maintenance.

“Don’t forget, maintaining a house in winter requires considerable expenses. This is not only paying bills, but also clearing the road,” Titsworth is sure.

ВEast Coast

As in the Midwest, consumer demand here begins in the spring. Prices are rising along with it. “Unfortunately, on the East Coast, the rule of ‘waiting until winter for the price to go down’ doesn’t always work,” says Janine Acquafrida of House-N-Key Realty in New York. The fact is that owners try to sell houses during the season - spring and summer. If a house is put up for sale in the winter, buyers wonder what’s wrong with this home and why hasn’t it been bought yet?

“But for buying a second home - where you will spend your weekends - autumn and winter are the ideal time,” says Acquafrida. As a rule, people stay in these houses only during the warm season, so after the end of the season, the owners are in a hurry to get rid of such property so as not to think about how to preserve it in the winter.

West Coast and Southern States

In hot areas of the South and West, the winter months are a popular time for home buyers. “This is a great time to buy. It's sunny days. It's a great way to see all the details of a new home, says Tracy Hampson, a real estate agent in Santa Clara, California. But in the spring and summer, according to the realtor, buyers in California have the opportunity to find a home at an affordable price due to the fact that demand decreases at this time of year.

Best time to buy

On average, throughout the country, the period of lowest demand is winter - from November to February. Only 27% of transactions are completed at this time. But the height of summer accounts for almost half - about 40% of purchases of residential buildings.

Some real estate agents believe that spring and summer are the best time to buy. During these months, despite the high price, there is a noticeably larger selection. “At the same time, of course, in the fall it is much easier to agree on a price. The owners want to finish things quickly and close financial issues in the outgoing year,” says Brian Daavis, a real estate agent.

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