Once again, we’ve made another trip around the Sun and we find ourselves in holiday season.
This is a great season to be thankful, to enjoy family and friends, and… to buy a home! (I bet you didn’t think I’d end the sentence with “buy a home”, eh?)
Well, yes! This is a great season to buy a home
Call it Black Friday, Black Month, Black Season deals, or something else, but the point is that the end of the year is the best time to buy a home for the best price.
If you have been following this blog for a while, you might have noticed that we have a post announcing the best time to buy a home every year at about this time. This is one of our previous posts: Fairfax County Real Estate – When is the best time to buy?.
And even though this year also promises good deals to be had, this year things are slightly different.
This year is an even better time to buy a home!
Normally, while this is the best time of the year to get the home you love at the best price, the caveat is that you need to find the home you love first. And usually, inventory isn’t very high at this time of year, so sometimes, buyers can’t find a home that meets their needs as easily.
But this year, we have a good, healthy level of inventory from which to choose and find a home to love.
From the graphic above, you can see that we have over 3,700 active listings in all of Fairfax County. The graphic also illustrates that the average for the past five years has been about 3,100.
This means that there are over 20% more homes to choose from at the moment.
So there you have it: this is your Black End of the Year Deal for buying a home
1. Prices are at their lowest AND
2. Inventory is up (i.e. more to choose from, less competition, and more room for negotiation).
And, if you’re a member of Home by School (hint: subscribe if you haven’t), we’ll have a nice and juicy Black Friday gift (yes, a gift) for you. Stay Tuned!