realestate

Optimal Time to Buy: Phoenix and Two Other Sunny Markets

Homebuyers in Phoenix and select sunny areas get relief from housing challenges.

H
omebuyers in Phoenix, Tampa, and Raleigh are about to get a break in their search for the perfect home. According to Realtor.com's senior economist Ralph McLaughlin, these cities will experience more favorable market conditions than the national average next week.

    In Phoenix, the first week of November is considered one of the best times to buy, with great weather and fewer snowbirds competing for homes. Real estate agent Stacy Miller notes that prices are negotiable, and some incredible homes in top school districts are sitting longer than expected. With a median list price of $519,950, buyers can expect to save around 5.6% compared to the peak.

    Tampa and Raleigh also have warm climates and thriving populations, making them ideal places to live. Next week, homebuyers in these cities can enjoy potential savings of up to $21,000 in Tampa and $25,000 in Raleigh compared to their respective peaks.

    Historically, the first week of November strikes a balance between reduced demand, slower pace, and increased housing inventory, making it an excellent opportunity for buyers. With temperatures cooling off in Phoenix and pleasant highs in the 60s, 70s, and 80s, now is the perfect time to visit and potentially find your forever home.

    In Phoenix, Tampa, and Raleigh, the first week of November offers a unique combination of favorable market conditions, great weather, and negotiable prices. Whether you're looking for sunshine in Arizona or vibrant culture in North Carolina, next week may be the best time to buy your dream home.

Phoenix real estate market with sunny weather and rising property values.