According to a recent report from Realtor.com, the best time to buy a home is the week of Oct. 12-18, as it presents a rare opportunity with a unique combination of higher inventory, lower prices and less competition on the market.
The report noted that October tends to bring a period of price cuts on home prices, with around 5.5% price reductions and 15.7% more listings, providing buyers with more options. With 30.6% less competition and potential savings of $15,000, you don’t want to miss out on that week if you’re looking to buy a home.
