While spring is renowned as the time that sellers dust off their properties and place them on the market, this doesn’t mean it is necessarily the best time for buyers to go shopping.
One of the biggest issues with househunting in spring is the flood of other buyers looking to snag their dream homes, which increases competition and housing prices.
“There is typically a seasonal uplift in buyer numbers over the last quarter of the year, which means the benefits of a higher number of options to choose from are offset by a higher number of prospective buyers,” explains CoreLogic RP Data’s John Wright.
“Buyers may be better off when there are fewer buyers around in the winter months, at least from the perspective of being able to negotiate hard on price.”
Although there is a lot more to look at during spring, there isn’t necessarily more to choose from, depending on your individual circumstances and finances.