Don't wait until Spring to buy a home.
For many, selling a home in the summer is as easy as jumping into a refreshing swimming pool. Trying to move that same home in the winter may come off more like trying to muscle through a foot-deep bank of snow.
The winter homebuying market can be challenging on any number of fronts. First and most obvious is the cold weather in much of the country, which can keep would-be shoppers by the woodstove rather than hunting for open houses. Existing home sales in cold weather parts of the country such as the Midwest and Northeast drop significantly during winter months, according to data supplied by the National Association of Realtors. For instance, some 58,000 homes were sold in the Midwest in January 2015 — paltry when compared with the 145,000 that moved later in June.
"You can certainly see that home sales dip during the winter months, primarily for two reasons: cold weather, and families are less likely to buy and move into a new house during the school year," said National Association of Realtors Economic Issues Media Manager Adam DeSanctis.