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Best time of year to buy

Started by FreebirdNYC
over 15 years ago
Posts: 337
Member since: Jun 2007
Discussion about
What time of year typically has best availability? Best pricing? (Looking for Manhattan DM 2-3BR in the $1-$1.5m range). Currently a renter on a "summer cycle" (July lease) and considering buying this summer vs. extending lease 6 months and moving post year-end... Just trying to get a sense if a fall search / winter move is feasible or if I should try to stick to a spring search / summer move that seems more common.
Response by maly
over 15 years ago
Posts: 1377
Member since: Jan 2009

Peak inventory occurs in May and October, the nadir at the end of December and end of August.

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Response by needsadvice
over 15 years ago
Posts: 607
Member since: Jul 2010

See urbandigs.com, that's what it's there for

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Response by infomofo
over 15 years ago
Posts: 5
Member since: May 2008

However, planning your lease around your move like that is probably not going to be perfect anyway. Closing on an apartment can take about 3 months (maybe less for a condo, but still an unpredictable process). You are going to have some unavoidable overlap on your lease, unless you're lucky enough to get your current landlord to agree to a month to month rental situation.

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