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Old 03-02-2007, 03:34 PM
 
108 posts, read 348,239 times
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This might sound like a naive question, but I was wondering is there any particular time of year or months when its best to buy a house(from buyers standpoint of course).

The reason I ask is because I would prefer to buy before the next school year starts, but I figure most people with children are buying at that time, and summer is usually the most popular time around here(NJ). So would that mean prices are higher in summer generally? Or is there slimmer pickins? In winter fewer people may be selling, or maybe prices will be lower. I really dont know, just trying to figure it out.

Does it make any difference "when" you buy?
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Old 03-02-2007, 04:01 PM
 
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Spring is usually the best time as far as inventory goes. Prices don't usually vary with seasons but you have more to choose from when inventory is at its peak. The closer you get to start of school the less there is.
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Old 03-02-2007, 05:56 PM
 
Location: Union County, NC
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I think this is a situation of supply and demand...in the spring and summer there is more supply (more sellers) but there is also more demand (more buyers). In the winter months, there is usually less of both. I haven't seen prices too different by season...often better "deals" are related to longer days on market
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