Subscribe and receive email notifications of new blog posts.
RSS Feed
It's a seller's market out there, and for homebuyers, the struggle this spring is real: few affordable options, and price growth that just won't quit.
Another issue's working against them, too: timing.
According to a recent analysis by Zillow, the best time for buyers isn't spring, but summer—the end of summer, that is. Why? There's more supply as the season winds down, specifically in August, and sellers who weren't so lucky earlier on become anxious to unload, cutting prices before the weather changes and the school year starts.
In the analysis, August had more listings than any other month (8,000 more in L.A., for instance), and saw the highest share of listings with lowered prices. Comparing reductions over the spring and summer months:
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.
