Seasonal Buyer Opportunity - Nov 2023

It’s the most wonderful time of the year…for homebuyers. I LOVE November + December for my buyers because that’s usually when we can get the absolute best deals of the year on homes. Why?

⪢ A lot of other buyers are taking their foot off the gas of house hunting with the holiday season (less competition)
⪢ A lot of sellers are ready to move on from the property before the new year (motivated sellers)
⪢ Average days on market are higher than the rest of the year (more negotiation power + more time to think)
⪢ Prices are steady before they historically rise during the busy spring season (great deals to be had)

Of course, buying a house is a big deal and definitely not a one size fits all situation - the BEST time to buy is when it makes sense for the individual buyer. However, if you have any interest in trying to “time the market” this is a great time.

And a few bonus notes:
⪢ Mortgage interest rates have gone down about 1% in the past month (that’s a big deal)
⪢ Inventory levels are great + higher than we typically see in the winter (a lot to choose from)
⪢ Seller credits are still being commonly negotiated (closing costs and/or rate buy downs paid for)
⪢ Now is a great opportunity for contingent, VA, or FHA buyers to purchase without competing