When Is the Best Time to Buy a House in Florida?
Florida is a popular destination for homebuyers, thanks to its warm climate, beautiful beaches, and diverse communities. But when is the best time to buy a house in Florida? The answer depends on a variety of factors, including market trends, interest rates, and your personal preferences.
We explored the best time to buy a house in Florida and what you should consider before making a purchase. In addition, we talked to an expert in Florida real estate to get firsthand insight into the local housing market.
When is the best time of year to buy a house in Florida?
Fall is often considered the best time of year to buy a house in the US, with October being the prime month for homebuyers, according to Forbes Advisor and Attom Data. The other fall months also are favorable for buyers. Buyers pay an average premium of only 3.3% in October compared to the 10.5% average premium they would experience on a home purchase in May.
In Florida, similar trends apply, but the difference between spring and fall purchases likely is less pronounced. The warm weather not only makes buying a home in the state attractive year-round, but it also brings in a large number of retirees who aren’t tethered by things like school calendars.
“The great thing about Florida is that there’s so much opportunity for so many different people,” says Tim Ekelund, a Pensacola-area real estate agent, who works with over 71% more single-family homes than the average agent in his Florida market. “I think year-round is a fantastic time to buy in Florida.”
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