Prices depend on a number of factors like supply, demand, absorption rate, and other housing market conditions. These can vary greatly from city to city, and from one neighbourhood to the next. Rather than a season, the number of days on market is the biggest indicator of your negotiating power as well as months of inventory (link to definition). If the home was recently listed, the seller will have had less time to test the market and gauge buyers’ response to the price and will be less likely to negotiate.
Our advice is that the best time to buy or sell a home is always now because while you’re waiting on the sidelines trying to “time” the market, you may end up being priced out of a neighbourhood as prices continue to climb. If you’re selling at a lower price, it’s very likely you’ll also end up buying at a lower price too. The best time is always now.
The best time is always “now”