Is there is a strong seasonal variation in pricing in Philly and surrounding environs?

Dr. Stephen Hunt
Home Buyer
94107

Looking to move out there from Cali in June of 2009, but wondering if I would do better to buy now vs later this year, during the winter, during the spring, or during the early summer. Mostly looking at Bala Cynwyd or University City or ?

Answers (1)
Christopher Ben...
Broker
Paoli, PA
FIRST ANSWER

Dr. Stephen, unlike the warmer climates of California, we do in fact have a seasonal slowdown every time it gets cold. As a REALTOR, as well as an investor, I find my best shopping always happens in the winter. There are always fewer buyers, and owners get anxious because activity slows down.

This of course, always means you have better negotiating terms when it is times to purchase. The only negative is that there is usually far more inventory in the spring/summer market.

If you are lookiing for a good bargain, then I would say winter is your best bet. If you want best selection, then March to July would be the best time to search.

If you have any questions about where the best place to find a home in Philadelphia or the Main Line, feel free to let me know.

Best of luck!

Mon Mar 31 2008, 10:14

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