Further, HouseLogic, a resource from the National Association of Realtors, reported that April to June is the spring homebuying season. This time is when housing supply and in-the-market homebuyers reach their height.
“Because most families want to move when the kids are out of school, there’s a big incentive to buy a house this time of year, since many homebuyers need to allow 30 to 60 days for closing,” the website reported of typical school years. “The warmer weather also makes open houses more enjoyable, landscaping easier to evaluate, and inspections more comprehensive.”
But the good times to buy don’t end when children resume classes in August.
In fact, Zillow reported that August also has its advantages as it “has the most price cuts, while inventory levels are still healthy.”
Sellers usually cut prices further in late August as the market starts to slow down, RocketMortgage reported. Traditionally, that means buyers get a solid chance to find good deals.