Florida. It is the Sunshine State, and somewhere a lot of people either want to live or retire.
From January 2020 to April 2021, about 555,000 people from other states moved to Florida.
With all of those people moving to Florida, some may wonder what time of the year people actually pull the trigger and move? Well, here is the best time to move to Florida.
Best Time to Move to Florida
To figure out the best time to move to Florida, you need to know the best time to buy a house in general.
This depends on three things. Those are the listing price, the housing inventory, and the mortgage rate.
For the listing price and the housing inventory, the month with the best options for homebuyers is April. Then, there is a 6.1 percent decrease in listing price and 15.2 percent more houses to choose from.
As for the mortgage rate, the best month to try to get a good rate is December. In that month, you can average 2.9 percent interest for a 30-year mortgage rate.
Factors for This
When you start to think about it, it makes sense why houses may be cheaper in April and December.
For the latter, Christmas is in December, which is generally a time that people want to spend with their families and maybe take a little vacation. For people celebrating the holiday, it would be difficult to celebrate the holiday and complete what could be a lengthy move in the middle of everything.
Then, there is the weather in December. In most parts of the country, December is one of the coldest months of the year.
This would potentially make it more complicated to complete a big move, especially driving for more than one day, because of the possible snowfall and freezing temperatures that would go along with it.
A long distance moving company could definitely help you but people still might not want to go through the trouble during less ideal conditions.
As for April, this is generally when the spring break crowd hits Florida, so perhaps people do not want to be in the middle of that, particularly those on the older side.
Also, bargain hunters like to buy in the winter, while the peak buying season is in the summer. So, April gets caught in the middle of trying to build back up the market while there are still deals to be had.
Worst Time to Buy
The worst time to buy a house is in the summer months. From Memorial Day to Labor Day, these are ideal times for people to want to move.
However, it is not the time that YOU should move, because you would be following the herd and most likely paying a higher price. Early in November might be a good time to avoid as well.
Why? A lot of people like to stay home and take listings off of the market during Thanksgiving and Christmas.
Then, as stated above, the winter months tend to be cheaper. So, early November would be the last time to sell before a major slowdown for the year hits.
Start Moving to Florida
Now that you have read this, you should have a better idea of the best time to move to Florida. Whether you want to move to Florida on a budget or money is not as pressing, factor in the timing in order to plan for your long-term future.
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