According to a recently released report from Construction Coverage looking at the best and worst months to buy a home in different locations throughout the U.S., the best month to buy a home in Madison is January, where prices are an average of 13.2% lower than the most expensive month (July). Typically across the nation, home prices peak in the summer months and reach their lowest levels mid-winter. The seasonal difference in price between the most and least expensive months is just over 11% nationally. However, in certain locations, this seasonal change can exceed 40%, creating excellent opportunities for buyers.
Summary of the data for the Madison area:
- Median home sale price seasonal change (2015–2019 average): -13.2%;
- Total days on market seasonal change (2015–2019 average): +66.5%;
- Month for highest median home sale price (2015–2019 average): July;
- Month for lowest median home sale price (2015–2019 average): January; and
- Median home sale price (current):Â $382,000.
Statistics for the entire United States:
- Median home sale price seasonal change (2015–2019 average): -11.2%;
- Total days on market seasonal change (2015–2019 average): +69.3%;
- Month for highest median home sale price (2015–2019 average): June;
- Month for lowest median home sale price (2015–2019 average): February; and
- Median home sale price (current):Â $428,379.
