Ever wondered Which TN Home Buying Season Is The Best for you? You’ve probably heard that The Best Tennessee Home Buying Seasons are the Spring and Summer. After all, there’s more inventory on the real estate market, and the warm weather is ideal for showings. However, the ongoing market situation has shattered the idea of the “peak home buying season” and left many potential home buyers wondering if now is still the right time to make a move.
The Merits (and Downsides) of Buying a TN Home During Each Season
Most real estate markets fluctuate from month to month, as do prices and inventory. Before you decide when to buy, it’s important to weigh the pros and cons of each season and ask a local agent about trends in your area. Here are a few benefits of buying during every season…as well as a few drawbacks.
Spring: Gorgeous TN homes for sale, but higher prices
Traditionally, spring is one of the hottest seasons for home buying in Tennessee, and it’s easy to see why. As temperatures thaw out in March, April, and May, the number of new TN Real Estate listings seems to multiply every day. Tennessee Country Homes also tend to look their best during spring—after all, who doesn’t love blossoming flowers or lush landscaping after a long winter?
Even So you’ll have more inventory to choose from during these warmer months, you won’t be the only one searching for a country home or house with acreage. Spring buyers usually have to face more competition, which can result in inflated prices and bidding wars. If you’re getting ready to buy during spring, be prepared to make a quick offer and don’t expect many concessions from sellers.
Summer: Lots of real estate listings, but more home buying competition
Summer is another extremely popular home buying season, especially for households with children. Many sellers also decide to list during June, July, or August, which means you’ll benefit from an even broader selection of houses. To top it all off, you can even schedule evening showings as the days get longer.
Which TN Home Buying Season Is The Best?Chuck Simpson, TN Country Living Real Estate Agent in Middle Tennessee
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Unfortunately, summer home buying often comes with problems similar to spring: tons of buyers, higher prices, more bidding wars, and less time to make a decision. And if you wait until July or August, you could actually see a dip in inventory as sellers go on vacation!
Fall: Motivated Home Sellers, but inventory could dwindle
There’s so much to love about autumn fall foliage: the falling leaves, the cooler temperatures…and the fantastic home prices in the TN Real Estate Market. Fall is easily one of the most underrated times to buy a house, since you can take advantage of strong inventory, less competition, and lower prices. Many sellers will also be more motivated to make a deal, particularly if they weren’t able to attract buyers during the summer.
As you plan your autumnal move, it’s crucial to time it just right. It’s not uncommon to see a slight dip in inventory at the beginning of a new school year, which is usually around late August or early September. If you wait until late October or November, sellers might also start pulling their homes from the market due to the impending holidays.
Winter: Less competition, but fewer choices
Historically, winter is the slowest season for real estate—but that shouldn’t deter you from starting your home search in December, January, or February. The most obvious benefit of winter buying is decreased competition, which often leads to some of the lowest prices of the year. Chuck Simpson, Your TN Real Estate Agent will also have fewer clients during the colder months, so he can spend much more time helping you.
Of course, buying in the middle of winter also comes with some challenges. It can be difficult to plan a closing around everyone’s schedules during the busy holiday season. Diminished inventory also means there are fewer listings to choose from, so your search may take a bit longer than expected.
Need Help in Finding Which TN Home Buying Season Is The Best for You?
Whether you choose to move in spring, summer, fall, or winter, you can trust us to help you navigate every aspect of the buying process! Just give us a call today to learn more about our home buying resources, and let us know when you’re ready to take your next steps.
Contact Chuck Simpson, Expert Country Living Real Estate Agent for Middle Tennessee in Country Homes, Farms, TN Land and Horse Properties today! Call (615) 973-9986