You may remember that our last article talked about the different real estate “seasons” of the year and that September can often be one of the best months to buy a home… Well this September could well be the best month all this year, and next year too!
Jonathan Smoke, Chief Economist at Realtor.com, also looked at the seasonal patterns in addition to what is going on with everything else that impacts a real estate market and came up with this: “Multiple factors are coming together to make this September unique.”
Right now there is a greater supply of homes than there has been for the past 10 months. Combine that with the decreased demand we have seen starting the last couple of weeks before school started and the continuing low mortgage rates and he’s not blowing smoke (couldn’t resist).
You can read his entire article here where he goes into more depth and provides the data to back it up. Now that the kids are back in school, do you have real estate on your mind? Please don’t hesitate to reach out to us with any questions that could be holding you up.