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When to Buy a House?
This Winter.

Why Should You Buy a Home This Winter?

For anyone in the Real Estate or Mortgage Industry, you hear the same comments every winter: “It’s going to be a slow winter” or “I’ll just wait, the housing market really picks up in the spring!”

It’s true, when it comes to shopping for a home in the winter, especially in the Northeast, it doesn’t seem ideal. It’s cold out, we are busy with the holidays and who wants to move with all this going on.

When it comes to buying a home, especially in today’s market where premium inventory goes quickly, you want to go against the grain. You may have a few questions, and we’ve got a few answers for you.

When is the Best Time to Buy a House?

Depending on your market, any time of year can be a great time to buy a house, but there are more than a few advantages to buying your home in the winter:


Housing prices are lower than they are in the summer! The months of December, January, and February show average home prices are 10% lower than peak months of June, July, and August. Getting a better price for a home is also more likely if the home has been on the market for a while.

Maybe the seller listed in the summer, but their purchaser’s financing fell through. It’s a common occurrence. Now the seller has made other commitments and selling their home is much more crucial than it was months before. There are hundreds of reasons houses have been on the market. Don’t overlook a gem because someone else missed the chance.


This is where going against the grain can really improve your buying power. The law of supply and demand at its finest. If there is no demand, prices must fall. If the seller is motivated, and you are the only interested party, negotiations become much more flexible.


You may ask yourself, is now the right time? While rates may not be what they were 1 or 2 years ago, but they certainly are not as high as they were 10 years ago when the 30-year fixed rate average was 6.09% (November 2008). We may look back and say, “boy rates were high then!”

For those of us that were in the market prior to that, we couldn’t believe that a 30-year fixed rate was that low! It might be scary to think mortgage rates could one day be back in the 6, 7, and 8%+ range but that was the norm 10+ years ago and it may one day be the norm again. It may be in your best interest to take advantage of these mortgage rates today.

United Bank is happy to help you in your journey by offering a variety of mortgage products.