Although the Chicago real estate market has traditionally been more active during the spring and fall seasons, that doesn’t necessarily mean those are the best times to buy if you’re in the market for a new home or condo. Prior to the days of the internet, activity surrounding the real estate market revolved around the school year, as most serious home buyers wanted to buy in the spring, move in the summer, and be all settled into their new home before school started back up in the fall.
In today’s home buying landscape however, so much more information is readily available online, and shopping for a new Chicago home can be done at any time of the day from the convenience of your own couch, resulting in more serious home buyers always being in the market, regardless of the season. Additionally, because of the on-going perception that spring and fall are the best times to buy, purchasing a home around Christmas or in the dead of winter can often result in significant savings, as buyers tend to find sellers who are much more motivated. And with less competition from other buyers during these “down” months, securing your dream home at a price you can afford may just be that much easier in the summer or winter, as opposed to the fall or spring.
Are you going to be in the market for a home this coming fall or winter? If so, give our team of expert downtown Chicago real estate agents a call to setup a free, no-obligation consultation, or to start viewing active Chicago MLS® listings today!