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October is one of the better months to buy, or sell.
Homebuyers, according to RealtyTrac®, tend to get the best deals in October, based on an analysis of more than 30 million single-family home and condominium sales that happened over the last 15 years—of the 2.7 million sales closed in October over that period, the average sale price was 2.6 percent below average estimated full market value.
Why the downtrend? One of the main causes is lesser demand, which results in lower prices. Another cause could be the presence of "spring leftovers"—the homes that didn't sell in the spring or summer placed back on the market, at a reduced price, in fall.
Historically, fall has been an ideal season for homebuyers—it lacks the pace of peak real estate season, which can be intimidating (especially to newcomers), and it offers time to b...
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