What’s the best week in the fall to buy a home in Houston?
Considering purchasing a home this fall, but not sure if this is a good time? Check out this article I found in Houston Agent Magazine:
According to Realtor.com’s Best Time to Buy Report, between Sept 12 and Oct. 17 is the best time to sell a home in most markets. Optimal homebuying conditions begin this week in Boston, as well as New York, Los Angeles, Detroit, Minneapolis and Portland, Ore.
Oct. 3-9 is prime time for Houston homebuyers, who can expect to see 5% more active listings than the average week. Eighteen other markets won’t see prime selling season until the week of Oct. 3, when they can be expected to find 7% more active listings than the average week.
“Home prices peaked in the summer, and new listings continue to come on the market, helping slow the pace of sales — which is good news for homebuyers,” Realtor.com chief economist Danielle Hale said in a release.
“As families across the country focus on getting back into school routines, there are fewer buyers in the market, creating a great opportunity, especially for first-time homebuyers to make a purchase with somewhat less competition.”
With more inventory to choose from, buyers will have more choices than they’ve seen in recent months and face 18% less competition. Their wallets will also benefit, as prices dip, and they could save 2.6%, or $10,000, from the seasonal high, according to the report. And with homes selling at a slower pace, buyers gain an average of seven extra days to consider their purchases.
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I'm Jennifer Mestayer (Med-E-A) and I love helping Cypress families buy and sell their
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Cy-Fair Real Estate
16718 House & Haul Rd, St N
Cypress, TX 77433
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