It seems like the days of the red-hot seller’s market are behind us.
Now, bidding wars are slowing, sellers are slashing prices, and home price growth is stagnating — particularly in some of the nation’s largest markets.
And as 2019 rounds out, it’s looking like a pretty great time to buy a house.
The proof is in the pudding, as they say, and recent headlines show the housing market is working in buyers’ favor.
Just take a look at some of the stats from the last few weeks:
There are also stats showing that the best days to buy a house are just around the corner. In fact, buying on December 26 could mean a whopping $2,500 in savings. December 1, 4, 7, 8, 21, and 29 also offer big price cuts, as does November 9.
Data aside, though, there are also major perks to buying a home around the holidays. Not only is there less competition, but you’ll likely have more leverage (sellers want to move before the New Year), and you might get a few tax breaks by finalizing the deal before Jan. 1.
There’s also the chance that due to slowing demand, you’ll enjoy more attentive agents, inspectors, and lenders and maybe even a more affordable rate on your movers. (And who couldn’t use a little more cash around the holidays?)
Are you thinking about buying a new home around the holidays? There can be serious perks to doing so. Get in touch with a SnapFi Mortgage Advisor to get prequalified and start your home search today.