Why Fall and Winter Might Be the Best Time to Buy a House

Buying a house in the fall and winter has long been a smart move for bargain-hunters. These cooler months feature fewer competing buyers, more motivated sellers, and a higher chance you’ll see price reductions.

Cool Weather Advantages

In the fall and winter, it may be tricky to determine the state of a yard or see the roof if there’s a lot of snow, but there are some great benefits of house-hunting during this time:

• Less competition. Many buyers pause their home search when kids are back in school or when the weather turns, which reduces bidding wars and gives you more negotiating room. (This seasonal slowdown is still frequently mentioned by industry analysts for 2025.) National Association of REALTORS®
  
  
• More motivated sellers & price reductions. Sellers who list in the off-season are often more motivated to close (potentially due to job changes, relocations, or tax/timing reasons). Realtor.com and other data sources have continued to show a higher share of price cuts in the fall weeks. In Minnesota, sellers listing their homes throughout the winter holiday season may also be more motivated to sell. If they could have avoided it, they usually would have. This is because many people don’t want the hassle of keeping homes “show ready” during busier months.
  
  
• Better service from professionals. Lenders, inspectors, and agents usually have more bandwidth after the peak summer season. This gives them more time for problem solving and more time for personalized attention.
  
  
• Realistic expectations. Homes listed in fall and winter tend to have been on the market longer or surfaced after price adjustments. If you’ve been searching through the summer, keep an eye on the homes that were just outside of your price range. Sellers might drop the price, meaning you could be in line for a bargain in the fall.

Cool Weather Challenges 

Of course, there still are challenges to buying a home in the fall or winter, and it's important to keep these in mind as you search:

• Snow cover means you won’t get a good look at the yard.
  
  
• Inspectors can have more difficulty seeing roofs and grading around the outside of the house, and they can’t inspect air conditioning units.
  
  
• Repairs to the outside of the home can be challenging in the winter, and paint won’t stick in freezing cold. This might be a time you need to escrow for repairs if your lending program allows it. 
  
  
• Because our days are shorter, it can be challenging to see the outside of the home well and gauge levels of natural light inside, too. 

Practical Tips

Use the following tips to make the most of your off-season house-hunting:

• Get pre-approved early. Even in a slower season, sellers want to see financing strength. A current preapproval keeps your offer credible.

• Watch weekly rate and inventory reports. Mortgage rates shift week-to-week; Freddie Mac’s weekly Primary Mortgage Market Survey is a good bookmark. Also monitor local showings and listings reports from Minnesota Realtors and Redfin for Twin Cities weekly and monthly trends.

• Inspect for season-specific issues. In Minnesota, winter repairs (ice dams, frozen pipes, heating systems) can be costly. Ask for thorough HVAC and roof inspections and consider a contingency that allows you to negotiate repairs.

• Be realistic about seller timelines. Even motivated sellers may want a specific closing date. If the seller needs time, offering flexible move dates (if you can) can be a negotiation advantage.

• Use price reductions as a signal. If a home has had a recent price cut, research how long it’s been on market and whether other listings nearby have also dropped — that strengthens your negotiating position. 

• Work with agents who know Minnesota's seasonal market. Home prices can vary from neighborhood to neighborhood. It's important to work with an agent familiar with your target micro-market; they can tell you whether off-season deals are common there.

• Check Minnesota Realtors reports. For monthly metrics like days on market and median price for the state and metro area, MNRealtor publishes timely market reports that help you benchmark an offer.

If you're looking to become a homeowner, fall or winter just might be the right time! Take a look at our First-time Homebuyer Guide—we can help you through the process.