January and February are the prime months to purchase a home according to nerdwallet thanks to lessened competition, lower home prices, and looming higher interest rates ahead. Take advantage of savings now
According to two years of realtor.com data that includes the 50 most populous metro areas, home prices in January and February are, on average, 8.45 percent lower than prices in July and August — two of the most popular homebuying months.
The fall 2016 housing market, which the National Association of Realtors dubbed the “autumn revival,” was especially strong, which means sellers didn’t feel the pressure to lower their sales prices in order to get their home off the market.
l suggest homebuyers grab whatever savings they can get because spring home prices will likely increase more than normal.
Call us at 512-699-4868 if you interested in buying a home in central Texas.