While location reigns supreme in the real estate market, timing plays a major role as well. Even in the current environment of low available home inventory, seasonal sales patterns still matter and can provide buyers and sellers the advantages they need to make a great deal.

The Best Times to Buy

Figuring out the right time to buy a house depends on several factors. Buyers with school-age children often like to wrap up a home purchase before the school year starts, even though it may cost them more.

For buyers who can wait a little longer, the September to November timeframe gives them a pricing edge. There is usually less competition for available homes during this time, which may give them more negotiating power. Sellers are also more motivated, as those who listed in the spring or summer are eager to close before the holidays or year-end. As a result, prices often start to dip after the summer peak.  

December through February is also considered a good time to buy because of low prices driven by lower demand. There’s less buyer competition as fewer people are actively looking due to the holidays and the colder weather. At the same time, there is also less home inventory on the market, so choices may be limited.

When to Sell

For sellers, the spring months from March to May typically offer a solid pricing advantage, as it’s the most active market with lots of motivated buyers. Families want to move during summer, so kids are settled before school starts. Spring also offers curb appeal, with landscaping and lawns usually looking their best. This spring surge often leads to quicker sales and multiple-offer scenarios, which can drive up the final sale price.

The next-best selling period is considered June to early July. The market usually remains strong with buyer activity that spills over from spring. During this timeframe, homes tend to sell fast, as buyers with families see the school year approaching. Buyer activity typically slows down during July as summer vacation season kicks into high gear.

How to Protect Your Home Investment

Whether you are thinking about buying or selling a house, it’s important to make sure your home has the right insurance coverage. Contact a Westwood agent to review your home policy to ensure you have the protection you need.  

Please Note: This article is for general informational and educational purposes only. It does not represent any specific insurance policy and does not modify any provisions, limitations, or exclusions of any current policy.