Saturday, January 3, 2009

When is the best time to buy/ sell your house?

Here's an interesting plot I made from data of the Buffalo/Niagara regions median home prices over the past 5 years. Typically there is a 60 day lapse between an offer being accepted and when a home is closed here.

So, if you want to buy at the best price, the ideal time to make an offer is in December. On the other hand if want to sell at the highest price, you should probably put your house on the market by the end of March.

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