October is best month to buy before seasonal drop-off

Photo by Alexandre Croussette on Unsplash

In September, housing inventory continued to improve, while the pace of sales has slowed in many counties. As the market enters a seasonal cool-down, October will be the best month for selection and availability until late February.

Zosha Millman | Seattle PI

Summer is over, but the real estate market is just catching up.

The heyday for the market is typically between May and October, when the sunshine makes for nice pictures and easy open houses. Which means that the final month is here to take advantage of the housing market before the fall drop-off.

“Over the winter, new monthly resale listings will lower by approximately 50 percent compared to summer months,” J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, said in the latest Northwest Multiple Listing Services report, noting that it’s been quite a season for Seattle’s market.

To read the rest of the article, click here: Conditions are perfect for the real estate market in Seattle to cool some