Checking The Pulse Of The Kansas City Real Estate Market

People will try to time the market but in many cases the proportion of buyers and sellers are similar at different times of the year. In May there will be a lot of buyers out there but there will also be a lot of sellers competing for those area home buyers. Without knowing more about the factors surrounding the buyer’s home purchase or the seller’s home sale, that doesn’t necessarily give a buyer OR a seller an advantage.

Some think the best time to buy a home is in August or January when there are the fewest number of buyers in the marketplace. But the good homes have often sold by July and December and there’s a low volume of listings typically coming on the market at those times. So, is buying home when the best listings are gone and when are there fewer listings on the market really a good idea?

Deciding the best time to buy a home is truly a personal decision. That’s why I believe the best time to sell and buy a home is when the time is right for YOU. Yes, May is generally a better time to sell than March, but if you need your home sold soon I wouldn’t wait simply on the assumption it will be better if you do so. And February is probably better than December but if you hope to follow up a home sale by getting involved in spring buying market, then waiting could actually have a negative net affect on your sale/purchase outcome if it takes you longer than anticipated to sell your home.

More than anything, I recommend looking at the supply and demand at a given time. As a seller you want to sell when the months of inventory seems to be at a low point. As a buyer, you want to buy when the months of inventory seems to be a high point. Doing so will put you at an advantage in your real estate transaction and it won’t matter if your calendar shows that it’s June or December.

Posted by Jason A. Brown