Will We See Falling Prices?

This fall might actually be the best time for you to buy a house.

Are prices going to drop? In the last couple of weeks, I’ve had two clients who decided to wait for prices to drop.

Historically, the market cools off through the fall and holiday season in Sacramento. Kids are about to go back to school, and parents like to make their purchases before they do. By the time the holidays come around, people are too busy to think about moving and buying a house. Late season sellers sometimes price their home without anticipating that demand will diminish through the fall and holiday season. Then, as the house continues to sit, they get nervous and are ready for a lowball offer.

This fall, there will be an opportunity for people to buy at a more attractive price. The houses that aren’t presented as well are a lot harder to sell and will sit on the market. That’s where the opportunity lies. I anticipate the market will stay strong, and once we get into the new year, we’ll experience the same seller’s market we experienced this year. When the buyers rush back there won’t be enough houses for the demand.

If you have any questions, please feel free to reach out to me.