Oct 16

Best time to buy?

0 comments

Short answer? When you're ready.

 

Long answer? That depends on the market you're in and the market conditions. Perennially speaking, the winter months are the best time to get a deal in our market. That would be December, January, and February.

 

The reason behind that is likely based on our demographics comprising of lots of middle-class, family-oriented neighborhoods. That means the holidays are jam-packed with travel, shopping, events, and schools having multiple days/weeks off. The combination makes it a real challenge for buyers in those situations to add house hunting into the mix.

 

Therefore, it cuts down on the amount of foot traffic we see in our listings in those months. A lack of foot traffic indicates less demand, which lowers the price in the market.

 

What are your thoughts?

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