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Mortgage rates hovering near 6% are pulling buyers back into the market, and January can give your clients a meaningful edge. Buyers who purchase a 1,500-square-foot home this month could save an average of $23,000 compared with buying in May, according to LendingTree.

"I've tracked markets for that past 15 years and my clients who get the best prices have purchased in December or January," Matt van Winkle, real estate agent with Compass, tells Realtor.com. "During those months, sellers who are still on the market are more motivated and usually there is less competition."

LendingTree analyzed 2024 home prices throughout all 12 months, and found that May was the priciest month for homebuyers—at a median of $194.20 per square foot. January’s median was 8% lower at $178.60, while February’s was 5.4% lower at $183.70.

Read: https://rltor.cm/Q7R3p1