Activity slows in the fall, which can be to a buyer's advantage.
Fall can be a busy time. Children are back in school, there are sporting events to attend and the holiday season is coming. That means that a lot of buyers are waiting until after the first of the year to resume their home hunt after the busyness is over. However, there are still homeowners eager to sell their properties.
All that means that fall can be a very buyer-friendly time to go shopping for a home, especially those with higher price points. The fewer offers being presented, the more likely sellers will be open to negotiation to get a deal done.
Another reason to get your purchase done before the end of the year is to be able to deduct your home purchase expenses from your taxes. But, since closings usually need 30 to 45 business days to close if financing the deal, time is of the essence to find the right property and get it under contract, especially since days are lost due to banks and title companies being closed for holidays in November and December.