40 - Buying Home On These Days Will Save You $14K

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Realtor.com reports that the week of September 29 to October 5 is projected to be the best time to buy a home this year, with potential savings of up to $14,000 compared to the summer median price of $445,000. During this period, competition tends to decrease, inventory increases, and demand drops by nearly 30% from its peak. The seasonal shift is driven by factors like school schedules and weather changes. Additionally, 2024's best week may see even higher inventory due to softened demand, while falling mortgage rates, currently at 6.35%, may enhance affordability but could also boost competition. The timing of the best buying week varies regionally, with cities like New York and Boston leading earlier in the season.

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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.