It honestly is the number one question surrounding Real Estate.
When is the best time to buy a house?
The Housing Market has seen an exponential increase over the last few years. But in 2023, experts all over the country have predicted a slowing down of the Real Estate Market this year. Some Midwestern States have already seen this. We hear a lot, especially from first-time owners, that they want to wait for the market to crash to buy.
However, this is not the case in Tampa, Florida.
Home prices in Tampa Bay won’t be dropping anytime soon and no crash of the market is on the horizon. It is likely that buying a house is the biggest purchase you will ever make so don’t do it alone. Reading reviews, searching pretty homes, and using online mortgage calculators is a great start, but having a trusted expert holding your hand through this process will not only make it easier but also will save you money. Now, statistically speaking in years past, April has been the best month to buy with the lowest sales price and December is statistically the lowest Interest Rate. But the real answer to the question “what is the best time to buy a house in Florida?” is when it makes the most sense for your family’s priorities and financial situation. Prices have increased 10.9% since this time last year. The median sales price in Tampa is at $376,000. The average days on the market are 34 days compared to this time last year which was at 14 days. In June of 2022, the average days on market was 7. We have seen a huge amount of people moving into the state. The top five being: New York, NY Washington, DC Chicago, IL Boston, MA Los Angeles, CA.
In conclusion, pinpointing the “best time to buy a house in Florida” transcends statistical trends. Instead, it revolves around the synchronization of your family’s aspirations and financial stability. As the Real Estate landscape evolves, particularly in Tampa, embracing expert guidance ensures a seamless process, ultimately safeguarding both your time and finances.
Planning to move to the Central Florida area? The Tony Baroni Team is here to help you. Learn more at https://www.tonybaroni.com/find-your-dream-home/.