Hot Market, Cool Opportunities: Is July the Sweet Spot for Buying?
If you're thinking about buying a home in the Lehigh Valley, PA, July might just be your golden window. While summer is traditionally a busy season for real estate, savvy buyers know that July strikes a unique balance between inventory, pricing, and competition.
Price Trends Favor Buyers
While prices often peak in late spring, July typically brings a slight cooling. Sellers who listed earlier in the season may begin adjusting prices if their homes haven’t moved. This creates an ideal opportunity for buyers to snag a deal before the late-summer slowdown or the highly competitive fall market begins.
Competition Eases Up
By July, the initial rush of spring buyers has often thinned out. Families who needed to close before the new school year have usually made their moves, leaving fewer buyers in the market. Less competition means more negotiating power for you.
Inventory is Still Strong
Unlike late fall or winter, when listings become scarce, July still offers a wide selection of homes. This makes it easier to find a property that checks all your boxes, without having to settle or overpay in a bidding war.
Bonus: You Can Settle In Before Fall
Buying in July gives you time to close and get settled before the back-to-school rush or the holidays. It's a comfortable timeline for most buyers, especially those with families or who work around school calendars.
If you're ready to explore the Lehigh Valley market this July, the Jared Erhart Real Estate Team is here to help you navigate your options and uncover the opportunities hiding in this mid-summer sweet spot. Contact us today.