August seems to always be a busy month for everyone – summer vacations are wrapping up and families are getting their kids ready to go back to school. And because of this, the real estate market tends to experience an end of summer slow down, which makes August one of the best times to buy in the year.
First of all, many buyers are on vacation and/or the frenzy of back to school time has put house hunting on the back burner, so there are fewer buyers with whom to compete. Inventory is still high because not everyone who listed in the spring market has sold, plus all of the listings that came on in the summer which haven’t sold are also available. Many of these sellers have had their house on the market for a while and thought they would have sold by the end of the summer, so they can be anxious for an offer. Not many people list their home in August so the buyers have already seen what’s out there; a lot of these buyers just keep waiting on the sidelines for fresh inventory but nothing comes on. Those who choose not to wait can score some amazing deals. Whether you’re just starting to look or think you’ve seen it all, I have a great way to search homes through my website. It’s always current, and there’s a neat feature to mark which ones you’re interested in so you can easily keep track of your likes and dislikes.
