This fall is a good time to be a homebuyer. Home prices are affordable and the seasonal shift means homes may take a little longer to sell than in the summer, giving potential buyers more negotiating leverage, according to Jonathan Smoke, chief economist for realtor.com® in a recent blog post.
“The residential real estate market remains strong and healthy as autumn begins, but the momentum has clearly shifted in favor of buyers,” he said. “Would-be buyers have struggled to find a home all year, but now inventory is nearly as high as it has been all throughout 2015, and it isn’t moving as quickly. Likewise, price appreciation remains above normal levels but has declined from the higher pace of the spring and summer.”
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