Best Home Buying Window

September 27 through October 3 is historically the best week to buy a home with 32% more inventory and 5.7% price reductions.

“Historically, this week offers the most favorable balance of market conditions for buyers. Inventory tends to be elevated, prices typically dip below their seasonal peak, buyer competition slows, and the overall pace of the market becomes more manageable”

High Mortgage Rates Impact

Mortgage rates around 6.7% have thinned buyer competition, giving remaining buyers more negotiating power against motivated sellers.

K-Shaped Market Trend

Sub-$300K home sales fell 10% this year while million-dollar listings held steady, creating a K-shaped recovery.

Seller Desperation Theory

The best week also represents peak weeks for price reductions with 5.7% of homes seeing price reductions historically.

“The best week also represents one of the peak weeks for price reductions throughout the year, with an average of 5.7% of homes seeing price reductions, historically”

Market Conditions Shift

Rising interest rates could push mortgage rates to 7%, shrinking the buyer pool and potentially reversing current trends.