In general, the best time of year to buy a home is early fall. Families have already settled in new homes before the school year began. However, the number of properties on the market is still relatively high compared to other times of the year, and sellers may be eager to sell. Spring is a hot time of year for the real estate market.
The warm weather and the end of the school year usually attract sellers and buyers en masse, creating a healthy market. That's both good and bad if you're looking for a new home. Options abound, but so does your competition. You might even find yourself in a bidding war.
Spring is traditionally the best-selling season in the real estate market, and New York is no exception. The best time to buy a home is when you are confident in your finances and your personal goals because there is a lot of excitement when searching for a home. Nationwide, the best time to sell a home is March if you're trying to sell quickly, while the best time to maximize profits is July. Of course, seasonality isn't the only factor to consider when deciding if the time is right to sell your home.
A seller's market is the ideal time to sell your home, as you can expect it to sell faster and you're more likely to receive several offers and sell it for the full price (or higher).
