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Chart of the Day
When is the best time of the year to buy or sell a home? Today's Chart of the Day answers that question plus demonstrates that timing your home purchase or sale could save you a significant amount of money. To create today's chart, we compared each month's 1990-present 'national' average selling price to the entire 1990-present average to determine if home prices carried a premium or discount for any given month. As the chart shows, home buyers were willing to pay a significant premium during the summer when the weather was generally good and the kids were out of school.

Notes:
- Calculations based on inflation-adjusted median selling prices for US single-family homes.
- Are we in a housing bubble? Find out with the exclusive charts of Chart of the Day Plus.


Source - National Association of Realtors
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Quote of the Day
"Nowadays, people know the price of everything and the value of nothing." - Oscar Wilde

Events of the Day
May 23, 2005 - Victoria Day (Canada) - French Open tennis tournament begins (ends June 5th)
May 29, 2005 - Indianapolis 500
May 30, 2005 - Memorial Day (observed)


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