You’ve probably heard that spring and fall are the best seasons for Boston condo buying. After all, there’s more inventory on the market, and the New England weather is ideal for showings. However, the ongoing COVID-19l health crisis has shattered the idea of the “peak home-buying season” and left many potential buyers wondering if now is the right time to make a move.
The Merits of Buying a Beacon Hill Home Now
Most real estate markets fluctuate from month to month, as do prices and inventory. Before you decide when to buy, it’s important to weigh the pros and cons and ask a local agent about trends in your area. Here are a few benefits of buying now…as well as a few drawbacks.
Pro – interest rates are at historic lows
Con – Inventory is low and if you wait until July or August, you could actually see a dip even more as sellers go on vacation!