Using listings and sales from the past two years in the nation's 50 most populous metros, NerdWallet found that home sale prices in these metros peak in the summer before dipping in the fall and, like temperatures, reaching their lowest in winter. Staffers Emily Starbuck Crone and Daniel Tonkovich take a look at some of the most important takeaways from this study.

Most sellers typically put their homes on the market in spring or summer and by fall a significant amount of buyers have left the market. This leads to less competition, longer time on the market, and more buyer leverage:

If you shop for a home during the off-peak season when homes sit on the market longer, “you can have more leverage, in terms of presenting more aggressive offers, asking for contingencies or things you might not be able to in the peak of the season,” [ cheif economist Jonathan} Smoke says. He says buyers at all times of the year also typically have more control over when they move...

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