Best Time of Year to Buy Starter Home

Historically, one time of year stands out above the rest with starter home inventory generally higher and prices typically lower. According to a new Inventory and Price Watch report from Trulia, the best time of year to buy a starter home is fall, or between October 1 and December 31. During this time, 70 of the largest 100 U.S. metros see peak levels of starter home inventory, and home prices begin to fall, eventually hitting their annual lows in January through March.

During autumn, starter home inventory increases about 7%, which leads to listing prices falling between 3.1% and 4.8% lower than in other parts of the year, the report shows.

The chart below shows most metros see their inventory peak in October, and many see peaks in November, December and even headed in to January and February.