1) Seasonality - Fall is typically the best time of year to get a deal when buying a home. Buyer demand falls as the kids go back to school and we get closer to winter. Homes sit on the market longer which increase opportunities for better deals.
2) Interest rates - Mortgage rates have fallen to their lowest levels since October 2024 and are predicted to continue to fall through the year. If this prediction holds, many buyers who have been sitting on the sidelines waiting for rates to drop will jump back into the market making buying a home even more competitive than it is now. This will drive prices higher.
If you're thinking of buying in the next 12 months, now might be your best chance for a deal.
Reach out for help in making a plan.
Satisfy Eats to finally open?
