Looking to buy a home this year? Why you should go now.

Core Insights - January is identified as the best month for homebuyers to save money, with potential savings averaging $23,400 compared to purchasing in May, the most expensive month [1][2][3] Pricing Analysis - The average price per square foot in January is $178.60, with February following at $183.70. Prices increase monthly, peaking at $194.20 in May before declining again [5] - The breakdown of monthly per-square-foot costs is as follows: - January: $178.60 - February: $183.70 - March: $187.90 - April: $190.50 - May: $194.20 - June: $193.40 - July: $190.30 - August: $189.70 - September: $187.40 - October: $189.40 - November: $188.10 - December: $187.40 [5] Market Dynamics - The share of first-time homebuyers reached a record low of 21% last year, significantly below the long-term average of 38% since 1981, attributed to high home prices [2] - Fewer buyers in the winter months may lead to more negotiating power for buyers, although the number of available homes is also lower [7]