3 Reasons Fall is the Best Time of Year to Buy a Home - Reason 1: Lower Prices

September 19, 2019

Ah, autumn: The leaves begin to fall, jackets and sweaters start coming out of storage, and our thoughts turn to hot chocolate and comfort foods. While we love layers and hot drinks, there's another reason we love fall: It's probably the best time of year to buy a new home.



According to MarketWatch, listing prices are about 4.8% lower in fall than they are in the summer. That may not seem like a lot, but that price drop could actually save you thousands of dollars. Here's an example: According to the National Association of Realtors®, the median existing-home price in July 2019 was $280,000. If that price falls the typical 4.8% in fall, you'd pay about $267,322, saving nearly $13,500! 


When prices are down, your dollars go further. It can allow you to afford more amenities or a bigger home, put more money down, or make updates and renovations that you couldn't otherwise pay for. 


If you want to get the best deal possible, buying now could save you a lot of money. 


 Reason #2: Less Competition








Share on Facebook
Share on Twitter
Please reload

You Might Also Like:

October 23, 2020

October 22, 2020

Please reload

Please reload

Powered by Ellie Mae.


© 2020 Vibrant Living Newsletter. All Rights Reserved.