Is It Still a Good Time to Buy or Sell? Here’s What to Know This August

Real estate tends to slow down a bit as summer winds down, but that doesn’t mean it’s a bad time to buy or sell—in fact, it might be the best time for the right person. Whether you’re on the fence or just watching the market, here’s what to consider as we head into late August.

Fewer Listings = Less Competition

Many sellers think spring and early summer are the only good times to list, so by August, inventory often dips. If you’re a seller, this means your home may stand out more with less competition. If you’re a buyer, you may face fewer bidding wars—especially from families that needed to move before school started.

Buyers Are Still Looking

Not everyone can or wants to move in the spring. Downsizers, retirees, investors, and first-time buyers are often still active in late summer. There’s still plenty of activity—and serious buyers tend to be more motivated this time of year.

Interest Rates Matter

Mortgage rates have been shifting a lot this year. If you’re thinking about buying, now might be the time to lock in a rate before another potential increase. And if you’re selling, buyers may be more eager to purchase before rates change again.

Great Time to Prep for a Fall Move

Even if you’re not planning to list or buy until September or October, August is the time to get ready. Decluttering, pre-approvals, home improvement projects—getting those in motion now puts you ahead of the pack.

The Market May Not Wait

Every real estate market is different, but across the board, one thing is true: life happens year-round. People need to move for all kinds of reasons—new jobs, downsizing, expanding families, and more. If the time feels right for you, it probably is.

Thinking about a move? Let’s chat. Even if it’s just to explore your options or ask questions, a quick conversation can give you clarity and confidence in whatever comes next.