When is the Best Time to Buy a Home?

The best time to buy a home is when sellers fear tomorrow is going to be worse.

The worst time to buy a home is when sellers think tomorrow is going to be better.

What do you think sellers are thinking today?

Do you think they have heard in the news that prices have gone up during the past three months?

Does that news make sellers more fearful, or more fearless?

Have sellers come to realize that we are in a Sellers’ Market? If so, how does that knowledge affect what they think about tomorrow?

In Whittier, there are currently 309 active listings on the market. In the past 30 days, 122 properties have been sold. That means that the current homes on the market will take only 2.5 months to sell.

A normal market has 5 to 7 months of inventory.

A Sellers' Market has less than 5 months of inventory.

With only 2.5 months of inventory, Whittier is in a very strong Sellers' Market. What do you think these numbers mean to someone who wants to sell their home?

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About the author: The above article about The Best Time to Buy a Home was provided by Bob Willis, a Whittier Realtor®.