Fast Company
Follow
There’s one week this fall when homebuyers could save $14,000. It’s almost here
The week of September 27 to October 3 presents an optimal time for home buyers. This period historically offers lower prices, reduced competition, and a better inventory balance. According to Realtor.com, buyers can expect more choices and less urgency during this fall "sweet spot." Elevated inventory, with 13% more active listings than usual, coincides with 32% less demand. Homes also tend to stay on the market longer, about 13 days more than at peak times.List prices are estimated to decrease by 3.5% from their seasonal highs. This could result in savings of approximately $14,000 on a median-priced home. Additionally, this week sees more seller price reductions, presenting further negotiation opportunities. With 20% more inventory than early in the year, buyers have a wider selection. While this week is ideal, it's advisable to use it strategically, considering earlier fall for fresh listings and later for price flexibility. Climate variations shift this optimal week, with colder regions seeing it earlier and hotter regions later. Understanding local market conditions and being prepared with pre-approval is crucial for buyers this fall.