If wondering when is the best time to buy a home in Austin a few different factors come into play. The Austin real estate market is booming and does not seem to be slowing down anytime soon. Two major factors that affect the best time to buy a home are whether it is a buyer’s or seller’s market and the time of the year.
Buyer’s or Seller’s Market:
A buyer’s market is when there is more supply than demand, meaning there are more people wanting to sell their home than people looking to purchase a home. This is a great time to begin the search for your new house due to the greater amount of options available and the potential of securing a great deal. A seller’s market is when demand is higher than supply. When this is the case, there may be several buyers competing for a home which can increase the asking price. During this period, it is sometimes best to wait for more inventory to choose from so that you can secure a home within your ideal budget.
The Best Time To Buy:
The Austin residential real estate market seems to be hustling and bustling with new listings year-round. However, March through July is an ideal period during the year that includes more options and inventory. The winter months in Austin can also be a good time because competition is low. Although there may be netter times than others to begin the search for your home, having an expert in the area on your side like Roxan Coffman and her team will definitely put you at an advantage. Contact Roxan Coffman properties at 512.477.6666 or visit https://roxancoffman.com/ to learn more.
