No Need to Fear Spooky Season This Year: Realtor.com Report Finds October Is This Year's Best Time to Buy
Realtor.com's annual Best Time to Buy Report identifies September 29 - October 5, 2024 as the optimal week for homebuyers. During this period, buyers could potentially save over $14,000 compared to summer peak prices and see up to 37% more active listings than at the year's start. The report analyzes key market metrics including listing prices, inventory levels, new listings, time on market, buyer demand, and price reductions.
Key benefits of buying during this week include:
- Savings relative to summer's peak price of $445,000
- Increased inventory compared to early 2024
- Homes staying on the market for over two weeks longer than peak periods
- 29.5% lower demand than peak buying periods
The report suggests that falling mortgage rates and increased inventory make fall 2024 an attractive time for potential buyers to enter the market.
Il rapporto annuale Il Miglior Periodo per Comprare di Realtor.com identifica dal 29 settembre al 5 ottobre 2024 come la settimana ottimale per gli acquirenti di case. Durante questo periodo, gli acquirenti potrebbero risparmiare oltre 14.000 dollari rispetto ai prezzi di punta estivi e vedere fino a 37% di annunci attivi in più rispetto all'inizio dell'anno. Il rapporto analizza metriche di mercato chiave, tra cui i prezzi di listino, i livelli di inventario, le nuove inserzioni, il tempo sul mercato, la domanda degli acquirenti e le riduzioni dei prezzi.
I principali vantaggi dell'acquistare durante questa settimana includono:
- Risparmi rispetto al prezzo di punta estivo di 445.000 dollari
- Aumento dell'inventario rispetto all'inizio del 2024
- Le case rimangono sul mercato per oltre due settimane in più rispetto ai periodi di punta
- Domanda inferiore del 29,5% rispetto ai periodi di acquisto di punta
Il rapporto suggerisce che il calo dei tassi ipotecari e l'aumento dell'inventario rendono l'autunno 2024 un momento attraente per i potenziali acquirenti di entrare nel mercato.
El informe anual El Mejor Momento para Comprar de Realtor.com identifica del 29 de septiembre al 5 de octubre de 2024 como la semana óptima para los compradores de viviendas. Durante este período, los compradores podrían ahorrar más de 14,000 dólares en comparación con los precios máximos de verano y ver hasta un 37% más de anuncios activos que al inicio del año. El informe analiza métricas clave del mercado, incluidos los precios de listado, los niveles de inventario, nuevos anuncios, tiempo en el mercado, demanda de compradores y reducciones de precios.
Los beneficios clave de comprar durante esta semana incluyen:
- Ahorros en relación con el precio máximo de verano de 445,000 dólares
- Aumento del inventario en comparación con principios de 2024
- Las casas permanecen en el mercado más de dos semanas más que en los períodos de máxima actividad
- Demanda inferior en un 29.5% en comparación con los períodos de compra máxima
El informe sugiere que la caída de las tasas hipotecarias y el aumento del inventario hacen que el otoño de 2024 sea un momento atractivo para que los compradores potenciales ingresen al mercado.
Realtor.com의 연례 구매하기 좋은 시기 보고서는 2024년 9월 29일부터 10월 5일까지를 주택 구매자에게 최적의 주간으로 지정했습니다. 이 기간 동안 구매자는 여름 성수기 가격에 비해 14,000달러 이상을 절약할 수 있으며 연초보다 최대 37% 더 많은 활성 매물을 볼 수 있습니다. 이 보고서는 매물 가격, 재고 수준, 신규 매물, 시장에 있는 시간, 구매자 수요 및 가격 인하와 같은 주요 시장 지표를 분석합니다.
이 주에 구매 시의 주요 이점은 다음과 같습니다:
- 여름의 최고 가격인 445,000달러에 비해 절약
- 2024년 초에 비해 증가한 재고
- 성수기보다 부동산이 시장에 더 오래 머무름
- 성수기 대비 29.5% 낮은 수요
이 보고서는 하락하는 주택 담보 대출 금리와 증가하는 재고로 인해 2024년 가을이 잠재 구매자에게 시장에 진입하기에 매력적인 시점이라고 제안합니다.
Le rapport annuel Meilleur Moment pour Acheter de Realtor.com identifie du 29 septembre au 5 octobre 2024 comme la semaine optimale pour les acheteurs de maison. Pendant cette période, les acheteurs pourraient potentiellement économiser plus de 14 000 dollars par rapport aux prix de pointe de l'été et voir jusqu'à 37% d'annonces actives en plus qu'au début de l'année. Le rapport analyse les indicateurs clés du marché, y compris les prix des annonces, les niveaux de stocks, les nouvelles annonces, le temps sur le marché, la demande des acheteurs et les réductions de prix.
Les principaux avantages d'acheter pendant cette semaine comprennent:
- Économies par rapport au prix de pointe d'été de 445 000 dollars
- Augmentation de l'inventaire par rapport au début de 2024
- Les maisons restent sur le marché pendant plus de deux semaines de plus que les périodes de pointe
- Demande inférieure de 29,5% par rapport aux périodes de forte demande
Le rapport suggère que la baisse des taux hypothécaires et l'augmentation de l'inventaire rendent l'automne 2024 attrayant pour les acheteurs potentiels souhaitant entrer sur le marché.
Der jährliche Bericht von Realtor.com über Die Beste Zeit zum Kaufen identifiziert vom 29. September bis 5. Oktober 2024 als die optimale Woche für Hauskäufer. In diesem Zeitraum könnten Käufern über 14.000 Dollar im Vergleich zu den Sommerhöchstpreisen gespart werden und es wären bis zu 37% mehr aktive Angebote im Vergleich zum Jahresanfang verfügbar. Der Bericht analysiert wichtige Marktkennzahlen, einschließlich Listungspreise, Bestandsniveaus, neue Angebote, Verweildauer am Markt, Käuferschaft und Preissenkungen.
Die wichtigsten Vorteile des Kaufs in dieser Woche beinhalten:
- Ersparnisse im Vergleich zu dem Sommerhöchstpreis von 445.000 Dollar
- Erhöhtes Inventar im Vergleich zu Anfang 2024
- Immobilien bleiben über zwei Wochen länger auf dem Markt als in den Spitzenzeiten
- 29,5% geringere Nachfrage als zu Spitzenkaufzeiten
Der Bericht legt nahe, dass fallende Hypothekenzinsen und das erhöhte Angebot den Herbst 2024 zu einem attraktiven Zeitpunkt für potenzielle Käufer machen, um in den Markt einzutreten.
- Potential savings of over $14,000 compared to summer peak prices
- Up to 37% more active listings compared to the start of the year
- Homes expected to stay on the market for more than two weeks longer than during peak periods
- 29.5% lower demand compared to peak buying periods
- Roughly 50,000 homes expected to see price reductions during the best week
- Potential increase in competition if falling mortgage rates attract more buyers
- Annual Report from Realtor.com finds September 29 - October 5 to be the best week to buy in 2024
- The first week in October buyers could save over
$14,000 37% more active listings than at the start of the year. - Although the 2024 homebuying season was relatively slow, this fall is poised to bring lower mortgage rates and more for-sale inventory
During this optimal week, buyers could save over
"Unlike the past few years, we are seeing ample for-sale inventory which could soak up any late-season demand in many markets, making the fall a great time to buy even if falling mortgage rates amp up more demand than is typical," said Danielle Hale, chief economist, Realtor.com®. "This year buyers who are looking for that optimum mix of ample options and the potential to save on list price are going to find some of the best market dynamics in years during the first week of October."
Purchasing a home or making an offer on a home this week may offer:
- Savings of more than
$14,000 $445,000 - Up to
37% more active listings than at the start of the year - More time to decide as homes are expected to stay on the market for more than two weeks longer, on average, than during this year's peak
- Less competition with demand expected to be
29.5% lower than peak buying periods
"If the Best Week feels like it is approaching too quickly, buyers may be happy to hear that the following two weeks are the second- and third-best weeks to buy," said Hannah Jones, senior economic research analyst, Realtor.com®. "These weeks boast many of the same benefits as the best week, but are just slightly less favorable due to falling new listing activity."
Since 2018, Realtor.com® has analyzed home prices, inventory, listing views, and time on market, indicators that tend to follow regular seasonal patterns, to determine the best time to buy. Here's how these factors breakdown during this unique window:
- Reduced Listing Prices: Nationally, the best week could mean roughly 50,000 homes seeing price reductions, based on inventory estimates. This weekly price reduction rate would translate to a monthly price reduced share of more than
22% . - Increased Listings To Choose From: 2024 has diverged somewhat compared to past years as sustained seller activity and tepid buyer demand have pushed inventory levels higher. If this trend continues, the first week in October may see active listings climb to their highest level since pre-pandemic.
- Less Competition From Other Buyers: Home buyers shopping during the best week should expect less competition from other buyers. Historically, during the Best Week to Buy, demand is
29.5% lower than the peak, and14.0% lower than the average week. - A More Manageable Market Pace: The best week historically slowed by
34.8% compared to the peak pace earlier in the year. With a peak market pace of just 44 days in June, based on seasonal trends and a cooling market, the Best Week is expected to add more than two weeks to the market peak.
Jones added, "Buyers trying to close this fall should prepare now, and a great way to start is by saving a search, like you can do on Realtor.com®, to stay up to date on homes in their price range without the work of having to refresh or recreate their search."
To learn more read the full Best Time to Buy report and check out the Realtor.com Economic Research and Data
Methodology Notes:
Realtor.com analyzed six supply and demand metrics at a national and metropolitan level that follow seasonal patterns, using data for 2018-2023 period (2020 data was omitted due to anomalies caused by the pandemic). Those metrics analyzed include: 1) listing prices, 2) inventory levels, 3) new "fresh" listings, 4) time on market, 5) homebuyer demand (realtor.com views per property) and 6) price reductions. Interest rates, which do not follow seasonal patterns, were not included. To account for 2024 market conditions, estimates reflect typical seasonal patterns layered on top of the most recent 2024 weekly data.
Each week of the year was scored from 0 to 100 based on the number of active listings. A given week scored highly if it had more listings compared to other weeks of the year. The other metrics were scored in the same way, such that each week had six different scores for active listings, new listings, listing prices, days on market, price reductions, and views per property. (In the case of prices, lower prices score higher. Same with views per property).
Each week was then ranked by the average of those scores. The week with the highest composite score was considered the best time to buy. This week represents a balanced view of market conditions favorable for buyers.
About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.
Media Contact: Mallory Micetich, press@realtor.com
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SOURCE Realtor.com
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