Based on an article from Realtor.com, now is the best week of the year to buy a home. Here is a link to the full article.
Here is a quick summary:
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Best Time to Buy: The week of September 29 to October 5, 2024, is the best time to buy a home nationally.
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Increased Inventory: Active listings could be up 37% from the start of the year, offering more options for buyers.
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Potential Savings: Buyers could save over $14,000 on a median-priced home compared to summer peak prices.
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Easing Mortgage Rates: Mortgage rates are expected to improve, making homes more affordable this fall.
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Less Competition: Buyer competition typically decreases during this week, allowing for a more manageable market pace.
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More Time on Market: Homes are staying on the market longer, giving buyers extra time to make informed decisions.
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Regional Variations: Inventory increases are stronger in the South, with prices rising in the Northeast and Midwest.
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Flexible Buying Strategies: Buyers prioritizing options should act early in the fall, while those focused on price savings might wait until later in the season.
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Overall Favorability: This week offers a balance of favorable conditions, including reduced prices, plentiful listings, and less buyer competition.