September is a great month to buy a home. The reason is we typically see a brief lull in the market as families focus on their back-to-school routines. Our 2016 market data shows how buyer activity dipped in September and then jumped back up again in October. This is a pretty typical pattern for the fall real estate market.
When buyer activity decreases, sellers become more flexible
We know from experience that competing offers will be less prevalent in September and throughout the fall season. With fewer buyers and fewer bidding wars in the fall, sellers will lose some of their advantage. Some will become more flexible and more willing to negotiate in the months ahead.
Sometimes it pays to go against the norm
Popular opinion says to buy in the springtime when listings are more plentiful. It goes against the norm, but buying in the fall is a great way to avoid the bidding wars which frustrate so many buyers during the first half of the year. In the fall market the pace is a little slower, there's a little less stress, and sellers tend to be more accommodating.
That's why some of our clients are making a concerted effort to buy right now. They've been through the crazy spring market and are embracing the opportunity that awaits them in September. The fall market could be the perfect time for you to buy, too. Call us anytime you'd like to discuss your options. We'll help you lay out a good home buying plan for the months ahead.
For more home buying tips, check out these recent blog posts.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
1619 Monroe Street #1, Madison, WI, 53711
