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Shopping for Homes in
Every Season
There is much debate as to whether any particular season is
better for purchasing a home.
Potential buyers in the market for downtown condos might want
keep a couple of things in mind as they browse the tempting
array of condos currently for sale throughout the seasons.
Generally, the housing market wakes up as winter ends and
along with it the annual sales and inventory lows of
December and January.
People start looking seriously in throughout the end of winter
and early spring, with peaks of search activity in March and
April, slight dips in May and peaks in June and July.
Winter
For buyers, winter can be a great month to purchase a new
home. During the holiday season, far fewer people are out
looking, giving you a better chance to snag one of the condos of
your dreams.
With less buyers to deal with, realtors can be more flexible
with their schedules and have the time to really get to know
you and understand exactly what you’re looking for.
Incredibly, the best day of the year to buy a home is actually
Christmas day: sellers are more inclined to be feeling generous,
fewer other buyers are out looking and home prices are at their
12-month December low.
Spring
In spring, flowers push up towards the sun and the housing
market blooms with scores of new listings and for- sale signs.
This could be the perfect time to scout around for condos.
Everyone is looking for a deal, and the market is flooded with
inventory, more than at any other time of year.
Spring brings a lot of activity because both buyers and realtors
are glad to be back out after the long winter, and a purchase in
spring can mean a timely move after school is over.
Amazingly, Easter Sunday is the second best day of the
year to buy a house.
However, spring isn’t always the best month for buyers, as
the competition for properties is high, meaning multiple
offers may cause you to pay more than you planned for a
house.
Summer
The housing market continues to be strong throughout the
summer, with listings tailing off a bit towards the end of the
season.
Often, people who are relocating want to be sure they’ve
sealed the deal and closed on the home in time to move and
get their kids settled before starting a new school in
September.
There’s plenty of inventory, but, as in spring, prices tend to be
higher and there’s lots of competition for desirable properties,
which could mean a stressful bidding war.
Homes look their summer time best, with colorful shrubs and
flowers and plenty of friendly neighborhood bustle.
Fall
Autumn brings falling leaves and falling inventory, particularly
toward late November, but early fall is the busiest season next
to springtime for home sales.
Buyers are often looking toward tempting autumnal benefits.
Property taxes and mortgage interest are both deductible from
gross income, providing tempting year-end tax breaks, and the
season’s temperate weather is perfect for moving.
Many realtors have found that autumn’s buyers and sellers
tend to be more serious and motivated, unlike the “window
shoppers” of spring.
Whatever season brings you within reach of your ideal home,
always remember to stick to your budget and only make an
offer that you can reasonably afford.
Getting prequalified for a mortgage will enable you to act
quickly if you find the property
of your dreams.
If you are looking for a condo to buy, We Know Urban Realty
will help you find the perfect place.
Their realtors are experts when it comes to urban living.
Will Daly, Broker
We Know Urban Realty, LLC
834 E Claremont Street, No 3
Phoenix, AZ 85014
(480) 510-8755
Email: [email protected]
