Typically, there are less buyers towards the end of the year in comparison of the middle of the year. But it does not necessary mean less competition.
Seattle summer is beautiful. Not only people come out to enjoy the sun bath, but buyers also visit more homes for sale during Summers. As a result, the marker typically sees more listing, starting April to October. On the other hand, the sellers are aware of this trend. They also prefer their home dry and clean when the Realtors show houses. Thus, you may see more opportunity to buy in summer time while facing a high possibility to compete in multiple offer situations. In Winter, it is usually wet and could be muddy. Not only buyers do not prefer to go out, but also sellers do not prefer to have their home open to the public. Less demand and less supply, you may have a bit lower likelihood to face purchase competition.
HOWEVER, THIS YEAR IS DIFFERENT!!! This year since January, the market has seen more buyers and, in contrast, less supply than it did in the years before. You may be better waiting a few months but missing the opportunity to buy at the market price today. In King County, we see a constant 5% increase since December 2012. If you wait for another three or four months, the market predictions are the median sales price will be a lot higher. For your local market information and buying tips, read the Trulia blog below: