It's Fall Y'all! 🍂

The weather will soon be crisp and cool. Wouldn't it be nice to find a new home this fall? 

According to Danielle Hale, realtor.com®’s chief economist, “I expect this market momentum shift to magnify typical seasonal trends that favor home buyers in the fall,” says . As per realtor.com®’s data, the particular week of October 12-18 could bring buyers not only more homes to choose among and fewer competing shoppers, but also potential average savings of more than $15,000 compared to this summer’s peak prices.

Here are some fun facts on fall real estate trends.

Fall Real Estate Trends

Less Competition

Many families prioritize moving in the spring or summer to align with the school year. With fewer transactions in the fall, there's less competition for buyers and sellers.

Motivated Sellers

Many sellers list their homes in the fall because of personal reasons like job relocation or financial need. Also, sellers listing in the fall are often highly motivated to close a deal before the holidays.

Seasonal Appeal

Homes can look especially attractive in the fall with colorful foliage.

Different Buyer Demographic

Fall attracts a different buyer demographic than spring or summer, when families with children are more likely to move.

Faster Closings

Lenders are typically less busy in the fall, which can lead to faster closings.

Tax Advantages

Buyers who close on a home at the end of the year may be eligible for tax deductions.

Pent-Up Demand

Buyers may be more flexible in negotiations and submit offers faster in the fall.

Price Increases

When mortgage rates dip, competition increases, which can lead to price increases.

Price Reductions

Sellers may be more likely to reduce prices in the fall due to buyer hesitancy.