Typically, spring and summer are thought of as the prime times to buy or sell a home. There are a number of reasons for this, including the good weather and the end of the school year which makes moving easier for home buyers. There are more homes for sale and more active home buyers during the busiest sales season.
Fall and winter, on the other hand, are the time of the year when the housing market slows down. The approaching holidays and colder temperatures across much of the country mean fewer Americans are in the mood for a move. However, that can provide opportunities for home buyers who are ready to move.
A recent analysis looked at the country’s largest metro areas and compared typical affordability levels, projected rent increases, and price cuts to determine where home buyers might have the best chances in the coming months. The results showed conditions in hot markets like Orlando, Boston, Seattle, and Las Vegas are becoming more favorable as the end of the year approaches. That means, interested home buyers may be in a better position this fall and winter than they will be next spring when things begin to heat back up.