Except for the end of the $8000 first-time homebuyer tax credit after November 30th, I’d probably agree with Winston over at Bigger Pockets that October, November and December are the best times to buy.  Winston has been studying Google Trends which clearly indicate that in the waning months of the year, there are fewer buyers which could translate to less competition on a fabulous home.

Your offers are more likely to be accepted because of less people out there making offers. Take advantage of the fact that everyone is tied up with Halloween, Thanksgiving, Christmas and Hanukah. While they worry about the holidays you are out there mining the field clean.

I would urge first-time home buyers to act now rather than waiting until December, though.  It’s not too late to get that tax credit, but if you delay another two weeks you stand to lose out.