As the summer winds down, we are approaching the second wind for the Victoria market. That’s when we generally see an uptick in new listings and stable sales as the new inventory sells in September and October.
After October, unsuccessful sellers that can’t afford to wait generally become quite motivated to sell before the market slows for the holidays. Because a greater percentage of the active listings in November and December are motivated sellers there should be a greater chance of getting a favorable deal as a buyer.
This does not mean that buyers should go out there and write low-ball offers. Instead, it means a better chance of buyers finding their new home at a lower listed price.
If you have any questions about buying this fall, contact us!