Redfin says homebuyer discounts peak in November, December in seven US metros
RKT•Redfin’s analysis identifies November and December as peak homebuying discount periods in seven U.S. metros. Sellers outnumber buyers by 63%, the largest imbalance in records dating to 2013.
1. Seasonal discounts
Redfin’s Oct. 27 analysis says early November typically offers the best bargains in Milwaukee, Riverside, California, and Tampa, Florida. Mid-December is the discount sweet spot in Detroit, Fort Lauderdale, Miami and West Palm Beach; late-year buyers face fewer fresh listings but less competition.
2. Buyer-seller imbalance
U.S. home sellers outnumber buyers by 63%, the largest imbalance in records dating to 2013, potentially strengthening seasonal bargaining power. Sellers with properties that have been listed for a long time may be more willing to negotiate.
