Well, the answer is: it depends on your financial and emotional situations. However, when the time is ripe for these two factors, other elements come into play. Should I buy a house in the cold winter, when the competition is milder? Or should I make an investment in summer, when more houses are on the market? Remember, you are in the center of it all when making a decision as important as this, but it would be wise to consider even the smallest details such as the seasons.
Winter: Mostly because of the cold weather, not many people are seeking to buy a new house during the time between January and March. This means the number of homes for sale is dramatically lower than in other months. This is not necessarily a downfall -fewer buyers create a subtle competition atmosphere and prices are most likely to be the lowest they will be the year around. However, you will also have fewer options that you won’t examine some parts of, such as the roof.
Spring: The warm weather makes the whole house-hunting experience an enjoyable one. But more importantly, the data gathered from all around the world illustrates that this is the peak home-buying season. You will find a great number of properties for sales; on the other hand, the competition will be stronger and thus the prices will be higher.
Summer: Schools are out and real estate craze is over! This seems like a good time to make an investment, particularly to move to a new house. The market slows down even more towards august which is a proper time to make a bargain.
Autumn: Late summer and early autumn seem to be the best time to buy a house since the competition softens, prices are not that high and there are still a good number of houses on the market. Most sellers try to sell off their homes during spring, and in autumn, they are motivated for some bargaining.
But you should keep in mind that real estate is always local. Your local market may show different tendencies than the overall data.