The short of it is, well: when YOU are READY to purchase a home! Circumstances and preferences that vary from buyer to buyer will determine when the ideal point in the real estate market is for YOUR purchasing needs. The annual real estate market cycle can be broken down into categories that peak at different times.
Â
Â
1. Lowest average market prices consistently occur during the winter months of November through February. This is because home sellers are busy with school, work, and the holidays.
Â
If you want to find a great deal on a house then Winter is the best time to contact Brandon and Lana about starting your home search!
Â
2. The largest variety of houses on the market occurs during the Spring to Summer months of March through June. Many home sellers prefer to wait until the warm months of the year to list their homes. This is because any greenery around the property will flourish and aid in the property’s appearance during showings and photoshoots! You can always count on Spring to bring the largest variety of options to your home search.
Â
3. The lowest rate of market competition occurs during July through October, which see low activity due to schools resuming sessions for many kids and families. Buying a new home isn’t always so easy, and it’s even harder to do while trying to manage a busy family schedule!
Â
This means that you, as the buyer, you’ll have less competition when placing offers and scheduling showing appointments during the months that school is in session!
Â
Â
Whether it’s grabbing a great deal, the most unique house, or the lowest competition in the market, there are different times of the year for different home purchasing preferences. Get in touch with us to help US help YOU calculate what’s best for your new home search.
Â
