Tuesday, August 27, 2024 / by Management | Doctors Of Real Estate
How the School Year Impacts Real Estate: Key Trends to Watch
As the school year approaches, many families find themselves thinking about more than just schoolsupplies and class schedules. For those considering a move, the school calendar can significantly impactreal estate decisions, from timing to location.
1) Timing the Market: Spring and Summer are Key- Spring and Summer Surge: Traditionally, the real estate market sees a surge in activity duringthe spring and summer months. Families prefer to move during this time to avoid disrupting theirchildren’s school year. This often results in more homes on the market, but also increasedcompetition among buyers.- Fall Opportunities: If you’re looking to buy, fall might present opportunities. With fewer familieswilling to move during the school year, there’s less competition, which can lead to better deals.Sellers may also be more motivated to close deals before the holiday season.
2) School Districts: A Major Factor- Location, Location, Location: Proximity to high-ranking schools i. ...
1) Timing the Market: Spring and Summer are Key- Spring and Summer Surge: Traditionally, the real estate market sees a surge in activity duringthe spring and summer months. Families prefer to move during this time to avoid disrupting theirchildren’s school year. This often results in more homes on the market, but also increasedcompetition among buyers.- Fall Opportunities: If you’re looking to buy, fall might present opportunities. With fewer familieswilling to move during the school year, there’s less competition, which can lead to better deals.Sellers may also be more motivated to close deals before the holiday season.
2) School Districts: A Major Factor- Location, Location, Location: Proximity to high-ranking schools i. ...