While options are fewer than during the spring and summer, the biggest advantage of buying in the winter is that homes are simply less expensive. In the United States, at least, the savings can add up to tens of thousands of dollars.
Because people typically move mid-year to take advantage of school breaks, more daylight hours, and better weather, demand shrinks throughout autumn. By January “prices for all categories of homes drop to their lowest prices,” according to Business Insider.
The price drop is most noticeable among starter home prices. According to Trulia, during the last three months of the year, inventory of inexpensive starter homes in the actually increases by up to 7% from springtime levels.
Since there are more homes for sale and less people trying to buy, prices drop around 4.8% compared to summer pricing. By January, when sellers are most willing to compromise to sell homes with stale listings.