Real Estate Perspectives
October 15, 2024 | Suzanne Powers

Why Fall is the Perfect Time to Buy Real Estate in Milwaukee

If you've been waiting for the right moment to buy a home, fall might be your golden opportunity. As we approach the November Presidential election, the market has softened, creating an ideal environment for buyers to secure great deals.

Why Fall is the Perfect Time to Buy Real Estate in Milwaukee

Why Fall is the Perfect Time to Buy Real Estate in Milwaukee

If you've been waiting for the right moment to buy a home, fall might be your golden opportunity. As we approach the November Presidential election, the market has softened, creating an ideal environment for buyers to secure great deals.

Is Now a Good Time to Buy? Absolutely.

Historically, fall has always been a favorable time for home buyers. Prices tend to dip from their spring highs, and homes that entered the market late in the summer—those that missed the busy spring season—are often still available. These properties are typically priced lower than when they first hit the market, giving buyers a unique chance to purchase at a significant discount compared to spring prices. We’re seeing some properties sell for as much as 10% off their spring market highs, which is excellent news for those ready to buy.

Right now is your buying season. With less competition from other buyers and lower prices, the market is offering some of the best opportunities of the year.

Understanding Seller Psychology

Most sellers with homes on the market in the fall are motivated to make a sale. Unlike those who might test the waters in the spring, fall sellers are serious. If a home has been on the market for a while, it’s likely that the seller’s motivation has increased, making them more open to negotiation.

This is especially true in sought-after areas like Wauwatosa, Whitefish Bay, Shorewood, Bayview, and Cedarburg, where fall presents the chance to secure a home at the lowest price point of the year.

What Every Buyer Should Know:

The Fall Market Advantage: Historically, fall offers the best prices of the year for buyers in Milwaukee.

Significant Discounts: Some homes may be up to 10% below their spring market highs.

Days on Market (DOM): Pay attention to this metric—it can be a strong indicator of a seller's motivation.

Price Per Square Foot: Review average price trends in your target neighborhoods to spot great deals.

Explore Neighborhoods: Take the time to walk around the areas you're considering and get a feel for the community.

Helpful Tip for Buyers:

Interview a few agents and secure a Buyer’s Agency Agreement with your preferred agent. A buyer’s agent can provide essential market data and leverage their negotiation skills to help you get the best possible deal. Remember, in Wisconsin, agents owe a fiduciary responsibility to the seller unless they are working as your buyer’s agent. By having a buyer’s agent, you gain access to a Market Analysis and insights into market trends that will help you make informed decisions.

This fall could be your perfect moment to purchase a home in Milwaukee. Don’t miss out on this window of opportunity—connect with us at Powers Realty Group today, and let’s find the home that’s right for you.

Experience a seamless home selling and buying process with Powers Realty, Milwaukee’s trusted local experts for over 2 decades. Our tailored approach ensures optimal results. Contact me today to discuss your home needs.

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