Why fall is the best time to buy a starter home

The fall brings beautiful foliage, cooler weather, pumpkin spice flavored everything and an abundance of starter homes.

The inventory for starter homes, which are defined as homes in the lower third of a market’s valuation and affordable for median-income earning workers, increases by about 7% in the fall months compared with the spring, according to real estate site Trulia. As a result, listing prices are about 4.8% lower in the winter and 3.1% lower in the spring than in the summer. Of the largest 100 metro areas, 70 of them find October to be the peak time to buy a starter homes, followed by November and December.

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