Buying a home at this time of year could save you $23,000 Buying a home at this time of year could save you $23,000 https://www.recenter.tamu.edu/news/newstalk-texas/?Item=147242016-10-04T05:00:00Z2016-10-04T18:40:00Z

​​​​​AUSTIN - Conventional wisdom is that spring is the best time to buy a house, but does that hold true for all markets?

A new study from NerdWallet and Realtor.com identified January as the cheapest month to buy a house in the Austin area—prices were 9.2 percent lower than the summer median, when homes sell for the most. 

That translates to an average savings of more than $23,000 for homebuyers.

When NerdWallet and Realtor.com examined two years of home sales in the Austin area, they found prices were on average 9.2 percent lower in January compared with their summer peak.

Other notable numbers from the report:

  • $256,132 is the two-year average of median home sales in Austin for the summer months, when homes are most expensive.
  • $232,500 is the average for January​
Austin Business Journal
Austin-Round Rock

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