There are a lot of ways to measure the best time to buy a house. For most home buyers, life is the primary factor. Things like a growing family, marriage, or a new job make the decision for us most of the time. But if you’re a prospective home buyer who has the luxury of deciding when to start shopping, you might be approaching the right time right now. In fact, according to one recent analysis, in some markets, the best time to buy is late summer. As summer wraps up and the end of the housing market’s busiest sales season winds down, buyers have more negotiating power, less competition, and more choices. In other words, home buyers have a better chance of finding the home they want at a price that fits their budget. But where you’re looking matters. Expensive coastal cities in New York and California have the earliest “best time to buy,” according to the analysis, while September brings a wider geographic spread to the markets where buyers should find favorable conditions. (source)
