October best month for starter homes

Trulia says buyers should be out shopping now.

Builder

Trulia® on Wednesday released the findings from its quarterly Trulia Inventory and Price Watch, which found that starter-home buyers should accelerate their house-hunting plans now as for-sale inventory increases and listing prices decrease in the fall and winter months.

According to Trulia, starter-home buyers should ignore conventional wisdom about the spring home-buying season. Starter-home inventory peaks in October and actually rises7% in fall months, compared to the spring. Regionally, the strongest season for starter homes in 70 of the top 100 housing markets is between October and December. That leads to listing prices that are about 4.8% and 3.1% lower in the winter and spring than in the summer, respectively.

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