Many people think that homes mainly sell in the summer, but the truth is that houses sell all year round. While the summer is the busiest time, the fall market can actually be the best time for a buyer.

 

WHY IS FALL IDEAL?

1. Less Competition Equals Better Deals

2. More Time To Look

3. New Inventory

Let's elaborate on the items above.

1. Most families want to move during the summer and this creates competition for housing ( translation = higher prices ). Less buyers in the fall can sway the pendulum back in the favor of the buyer.

Also, sellers whose homes got passed over during the summer suddenly feel pressure with winter approaching. Therefore, many sellers become more reasonable on price during the fall.

2. Some buyers are too busy during the summer and simply don't want to spend every weekend looking at homes. These buyers prefer to shop for homes during the fall and can end up benefiting because of it.

3. New homes often come on the market after Labor Day as many sellers also want to enjoy their summer and prefer to wait until fall to sell. These sellers, however, have winter looming over their heads and realize they have a limited time to sell, making them more realistic.

There are plenty of buyers who missed out on the summer market, yet are serious to buy. Fall is the ideal time for them to shop for a home and even move in before winter hits.