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When is the best time of year to buy a home in Greater Boston? - The Boston Globe
- A LendingTree study finds January buyers could save about $23,000 on a similar Boston home compared with May buyers.
- The report notes timing reflects prices locked in earlier, as purchases close after contracts are signed.
- Experts say January can be more affordable due to lower inventory and buyer motivation, though market timing remains imperfect.
- January 2024 medians show price gaps, with $820,000 in January vs $950,500 in May for Boston-area homes.
- The article cautions that closing prices may reflect contracts signed in preceding months.
- Experts emphasize long-term planning over chasing the lowest instantaneous price point.
- Federal data indicates rising inventory could ease competition for buyers.
- The article notes the long-term nature of homeownership, with a typical tenure around 15 years.
- Mortgage preapproval and budgeting guidance are recommended for prospective buyers.
- The piece cites expert opinions from multiple Boston-area real estate professionals on seasonality and market timing.
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