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When is the best season to purchase a home?

When is the best season to purchase a home?

(article by Anna Sobrevinas)

Home sellers reportedly have no problem selling in the spring, but for home buyers, the best season to purchase is in the late summer.

New data from Zillow showed that more homes were for sale at the end of the summer than any other time of the year, and the season provides the most options and frequent price cuts.

 

Here are 10 metro areas and the percentages of active listings with price cuts from March to October last year from Zillow:

Metropolitan Area March April May June July August September October
New York/Northern New Jersey 11.5% 12.2% 12.3% 13.2% 12.3% 11.9% 12.5% 11.2%
Los Angeles-Long Beach-Anaheim, CA 10.8% 10.3% 10.7% 12.6% 13.2% 14.3% 13.5% 11.9%
Chicago, IL 13.2% 15.9% 16.2% 18.6% 18.6% 19.7% 19.9% 18.2%
Dallas-Fort Worth, TX 10.6% 11.2% 11.6% 13.7% 15.2% 16.4% 15.4% 14.5%
Philadelphia, PA 17.5% 18.5% 18.1% 20.1% 19.3% 19.0% 21.0% 19.7%
Houston, TX 17.1% 16.5% 14.7% 17.2% 19.1% 18.2% 18.2% 17.2%
Washington, DC 13.4% 15.4% 16.3% 17.8% 17.7% 17.1% 17.2% 16.8%
Miami-Fort Lauderdale, FL 14.1% 13.1% 12.1% 12.4% 11.8% 12.1% 11.8% 10.8%
Atlanta, GA 11.6% 12.1% 12.0% 13.3% 14.1% 14.6% 14.0% 13.6%
Boston, MA 10.8% 11.4% 12.5% 14.3% 13.4% 14.2% 14.6% 16.4%

 

Read the whole article over at MPA, and click the blue button to get pre-qualified today!

 

 

When is the best season to purchase a home?

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