Why now is the best time to buy homes in Phoenix and these other 2 sunny cities

Homebuyers in Phoenix and two other sunny locales are about to catch a much-needed break in their search for the perfect forever home.Nationally, the best time to buy a home was the week of Sept.29 to Oct.

5., when savvy homebuyers could save an average of $14,000 on a median-priced $445,000 home.However, as Realtor.com senior economist Ralph McLaughlin notes, “buyers looking for more favorable market conditions have to wait about a month longer than the nationwide average” in places like Phoenix, Tampa, FL, and Raleigh, NC.The week of Nov.3 to Nov.

9 is when seasonal real estate market dynamics line up in favor of buyers in these three cities.Historically, this week strikes the perfect balance of conditions, with reduced demand, a slower pace, and an uptick in housing inventory, making it a prime opportunity for buyers.November kicks off the best time of year to visit Phoenix, according to U.S.News & World Report, since temperatures have started cooling off, and highs are typically in the upper 60s, 70s, and 80s.With Phoenix’s median list price hovering just under $520,000 in October, Arizona real estate agents say buyers should make a move.“The first week in November is one of the best times to buy in Phoenix,” says Stacy Miller, real estate agent for The Miller Team at Re/Max Fine Properties in Phoenix.

“The weather is great.The snowbirds are back in town.

People either want to get rid of their home or purchase a new home before they start their holiday celebrations.”Luckily for buyers, Miller says she’s never seen a market that’s quite like this one.“Prices, as well as seller terms and concessions, seem to be more negotiable than ever,” she says.“Some incredible homes in great school districts are sitting longer than I would expect.”But Phoenicians aren’t the only ones in a prime position to purchase next week.

Buyers looking to reside in Tampa and Raleigh are, too.Phoenix, Tampa, and Raleigh have warm climates—...