Did you know that seasonal changes can have a direct impact on the real estate market? After Labor Day has passed, you can expect to see changes in the behaviors or both home buyers and sellers. What do these changes mean for the price of your home? This article discusses How the Real Estate Market Changes When the Weather Cools Down.
Falling Leaves and Falling Home Prices
As the leaves start to fall, you can expect that home prices are going to start falling at the same time. These trends are not guaranteed, but it is a common occurrence each year. Typically, the changes are small but noticeable in the real estate market.
Why do home prices go down? It’s the perfect example of economics: as demand drops, so do prices. Summer is the peak selling season for real estate, and then prices start to go down when the summer season is over.
People are settled into their homes, the school year has started, and everyone is looking forward to the upcoming holiday season. Often, homeowners decide to stop the search during the fall, and then pick it back up again in the spring season.
If you are interested in buying a home, then this trend opens up the market for you to find the home of your dreams. There is less competition, and buyers are anxious to sell. So, you can step in and find the perfect house for your family. During this time of year, it is usually a “buyer’s market” in the real estate industry.
Choosing Your Vacation Home
Even if you aren’t looking to move, you might consider this opportunity to find a nice vacation home for your family. Fall is an excellent season to shop for vacation homes because summer vacation season is done. At the same time, you still have plenty of time to lock down a location to have it available for the Christmas and New Year holidays.
Imagine spending the holidays in the mountains with your family and friends… it would be a fun and exciting way to create lasting memories! Whether you want a cabin or a lakefront property, there are many options available in the Georgia real estate market.
Consider the areas that you love and start looking for a property that meets your preferences. Your family deserves the best, which means that you need to find a place where you can spend time with the people that you love. Picking the right location means that you can enjoy beautiful scenery outside the windows while enjoying quality time with friends and family.
Are you ready to buy a home? Right now is the perfect time of year to talk with our team at DUFFY Realty. We are experts in the industry, and our team is here to help. Call us right away for more details about how you can leverage the fall season to get a great price on your dream home: (678) 318-1700. We hope you enjoyed our blog on How the Real Estate Market Changes When the Weather Cools Down. Thank you for reading.