The old saying, “if you can’t beat them, join them” has some merit when it comes to embracing the seasonality of homebuying.
The back-to-school season typically kicks off a slower time for home sales. But rather than bracing for impact, real estate agents can adapt their business strategy to better prepare for market shifts and continue to find opportunities to work with prospective buyers.
Understanding who’s buying, why they’re buying and what motivates them can pay dividends in generating a steady flow of business even during the slower fall months.
Industry data shows a clear trend in the seasonality of home sales across the year, with spring and summer representing the more active months. Historically, fall is less active, with a decline in the number of sales and an increase in average days on the market.
According to the National Association of Realtors (NAR), the average number of new home sales per day in October drops from a peak of 2,040 in March and April to 1,670 in October – an 18% decrease – while the average days on market climbs from a low of 31 to 40.1
The glass-half-full view is that there is seasonality in almost every business, real estate included. So, even though there is a decline in activity in autumn, there are still pockets of opportunities that exist with both buying and selling that remain year-round.
In addition, real estate agents need to take some of those traditional seasonal patterns with a grain of salt, as a variety of economic factors, such as a drop in interest rates, can end up spurring more buying activity.
Market activity does not always follow traditional seasonal patterns. Economic conditions, including changes in mortgage rates, housing inventory and buyer confidence, can create periods of stronger-than-expected homebuying activity during the fall months.
There are other factors that can create pockets of opportunities for real estate agents in autumn, including:
Fall is a great time to connect with homebuyers who are looking to buy now, as well as strengthen relationships with those buyers who are waiting for the right opportunity.
First-time buyers: First-time homebuyers continue to face affordability challenges. According to NAR, first-time buyers accounted for just 21% of home purchases, while the median age of first-time buyers rose to 40, both reflecting the ongoing barriers many buyers face in today’s market.2 Putting prospective first-time buyers in touch with financing resources, such as down payment assistance programs, could help spur buying activity in the fall.
Investors: According to Cotality (formerly CoreLogic), investors accounted for roughly 29% of single-family home purchases in 2025, underscoring the continued role investors play in housing markets across the country.3
Relocation buyers: People who are facing a corporate relocation or move due to a job change are active year-round, and this group is typically motivated to find a home quickly.
Empty nesters: According to Zillow, there are approximately 20.9 million empty-nester households in the U.S.4 This group of typically 55+ buyers is often looking to downsize, relocate to a more maintenance-free home or move closer to their adult children.
Second-home buyers: Whether it’s a winter getaway or summer home, second-home buyers may be more motivated to buy a home in the “off season” to prepare for the next season. According to Vacasa's latest vacation-home market analysis, destinations such as North Myrtle Beach, South Carolina; Dauphin Island, Alabama; and Florida's Emerald Coast continue to attract interest from second-home buyers seeking lifestyle and investment opportunities.5
Families with children: Down but not out. Yes, most families with school-age children prefer to buy in the spring and summer to avoid disruption during the school year, especially if it involves changing school districts. However, a more challenging market to find that right home – in the right location and at the right price – has resulted in people who are keeping an eye out for buying opportunities. This is particularly true in high-demand school districts where there is a limited supply of homes for sale. So, don’t count out the back-to-school real estate market.
Fall is an opportune time to take a more targeted approach by focusing on buyers who are active in your respective market. It’s important to take the time to understand their key drivers, financing ability and what it is they want and need in that new home purchase.
Mortgage loan officers at U.S. Bank are available to serve as a resource to discuss a buyer’s qualifications and the various financing options available to find the right solution for their unique situation.
Discover how we can support you and your clients with a variety of product options and years of industry experience.
Expand your knowledge with educational resources designed to help you stay on top of home-buying trends impacting your business.