Introduction to the Ideal Time to Buy a House

The notion that peak homebuying season is the best time to purchase a house is being challenged. While summer may seem like the ideal time, especially for families with school-aged children, waiting until fall can yield significant advantages for buyers. With less competition and more housing inventory available, buyers can negotiate better deals. This year, in particular, presents a unique opportunity for potential homebuyers due to the increase in available homes on the market, a trend not seen since May 2020.

Competition Has Calmed Down

In recent years, the housing market has been characterized by intense competition among buyers, with many homes receiving multiple offers and selling above the asking price. However, the market dynamics are shifting, and it’s becoming more balanced, giving buyers more negotiating power. According to Joel Berner, senior economist at Realtor.com, the current market can be described as a "buyer-friendly balanced market." Sellers who had unrealistic expectations and listed their homes at prices that would have been acceptable in 2022 are now having to reduce their prices and negotiate more with buyers. An experienced buyer’s agent can help navigate these negotiations, potentially resulting in a lower purchase price, the seller paying for repairs, or flexibility in the closing date.

Your Friends Are (Probably) Moving, Too

After years of feeling stuck due to high interest rates, both buyers and sellers are adjusting to the new normal. Life events such as job changes, upsizing, or downsizing are prompting people to move, regardless of the interest rates. The housing inventory, measured in months’ supply, has increased, indicating more homes are available for sale. As of July 2025, the housing market had a 4.6 months’ supply of homes, the highest since before the pandemic. This increase in inventory means buyers have more choices and don’t have to rush into purchases. Additionally, seeing friends or family members find and purchase homes can inspire and give confidence to others who have been considering buying.

You Could Get a Price Break

Despite the challenge of affording a home due to rising prices and relatively slower wage growth, there are potential price breaks to be found this fall. The median purchase price for a home has risen significantly since early 2020, but the year-over-year price growth is flattening. In some areas, prices are even dropping. Sellers are more likely to reduce prices for homes that have been on the market for a while, and buyers might save on moving costs. Working with a local buyer’s agent can provide valuable insights into the specific market trends and opportunities for savings.

Mortgage Rates Might Drop

The outlook for mortgage rates adds another layer of complexity to the decision of when to buy. While there’s uncertainty, forecasts suggest that average mortgage rates might drop slightly by the end of 2025. Even small reductions in mortgage rates can significantly impact monthly payments or purchasing power. However, the advice from experts is not to wait for the perfect moment but to seize the current buyer-friendly market. If rates do drop after purchasing, refinancing is always an option.

Conclusion

This fall presents a unique combination of factors that make it an ideal time to buy a house. With less competition, more inventory, potential price breaks, and the possibility of dropping mortgage rates, buyers have more leverage than they’ve had in years. Whether you’re a first-time buyer or looking to upgrade, the current market conditions offer opportunities that haven’t been seen in a while. It’s essential to work with professionals who can guide you through the process and help you make the most of the current market.

FAQs

• Q: Is now a good time to buy a house?
  • A: Yes, the current market offers several advantages for buyers, including less competition, more housing inventory, and potential price breaks.
• Q: Will mortgage rates go down?
  • A: Forecasts suggest that mortgage rates might drop slightly by the end of 2025, but it’s always uncertain.
• Q: How can I negotiate a better deal?
  • A: Working with an experienced buyer’s agent can help you understand the local market and negotiate better terms, such as a lower purchase price or the seller paying for repairs.
• Q: What if I miss the perfect moment to buy?
  • A: Experts advise to not wait for the perfect moment. If you find a house that meets your needs and fits your budget, it’s a good time to buy. You can always refinance if mortgage rates drop later.