What Time of Year is the Best Time to Buy a New Home in South Florida
Four Bedroom/Three Bath Custom Home by Nova Homes of South Florida
If you hope to get the best deal your time frame will be different. I found a very interesting statistic in the Fort Lauderdale MLS. It is the ratio between the original list price and the closing price. Here is the ratio broken down by month for 2017
The ratio of sales price to original list price varied slightly from 96.2% to 96.9% - throughout the entire year.
The spread from best to worst is pretty thin but on average buyers got a better deal in January than any other month and in August sellers got much closer to their asking price. I am really pointing out these statistics because it is a concern to buyers. However, I am not a big believer in market timing. If you are ready to buy, then buy. Real estate is a long term investment. The edge you get by timing the market probably will be less than one mortgage payment and won't make much difference 10 years from now.
Another reason these minor season fluctuations mean nothing is prices are rising steadily right now. If you wait six months or more for a more favorable month to buy, your savings could be wiped out by the natural appreciation occurring right now. The bottom line is there is no time like the present. If you are ready to own a home in Florida the right time to buy is right now. - Thomas B Day, PA
For more information regarding purchasing a new home or building your dream home contact Nick Cornwell at Nova Homes of South Florida at 239.776.5076 or BuildNow@NovaHomesBuilder.com
Nova Homes is building custom homes throughout Southwest Florida since 2004, priced from the $300s.