Many are surprised to learn that Spring, not Summer, is typically the peak Selling Season at the beach. Historically, more properties are sold in the second quarter (April-June) than any other, as illustrated below (except for the anomolous 2020):
While Spring may be the best time to sell, Fall is usually the best time to buy. For one, homes and condos rented during the height of vacation season are more accessible in the Fall. Now that our overheated market is slowing down, we're beginning to see regular seasonal trends pick back up in our market.
Here are a few reasons why Fall is the best time to buy:
- More inventory: Although availability is not yet back to pre-pandemic levels, inventory has increased 20% since last year.