Top Five Reasons Why The Fall Market Is The Best Market Downtown
The majority of new listings come on the market in the spring and early summer, this means you have less competition in your price range, making your listing easier to stand out!
Low interest rates
We are now at a point where rates are at their lowest point this year and a full 1% lower than they were at the beginning of the year. Most experts agree that the Fed will cut rates once again in September, giving buyers even more buying power when offering on your home!
Back to Business
Labor Day signifies a shift in mindset from vacation mode to back to school and back to business mode. Many agents and buyers are re-energized in September, resuming or starting their hunt for the perfect downtown digs.
Relocation buyers and investors
Third and fourth quarter can be a busy time for investors to make a purchase by year end for tax reasons or through a 1031 exchange. Transferees starting new positions downtown Jan 1 are scouting housing options in the third and fourth quarter.
Many buyers have a greater sense of urgency to purchase in the fall rather than spring/summer. They want to be in their new home to celebrate the upcoming holidays, and Snowbirds want to purchase before they head south for the winter.