WEEK OF SEPT. 25 IS THE BEST TIME TO BUY A HOME

A spacious and bright living room features a large, industrial-style window with dark frames that takes up most of the back wall, allowing ample natural light to fill the space.
Blog Post Image
 
Despite rising mortgage rates, this fall is looking like the best time to buy for hopeful homebuyers when it comes to lower home prices, more home listings to choose from, and less competition from other buyers in the market. Realtor®️.com ran the numbers in its fourth annual Best Time to Buy Report and found the best time to buy a home across the nation is the week of Sept. 25 to Oct. 1. 
 

Sept 25–Oct 1 is the Best Time for Buyers

 
To determine the best time to buy, the Realtor®.com economics team analyzed home prices, the number of homes available for sale, listing views, and the time it takes for a home to sell, which are all indicators that tend to follow regular seasonal buying patterns. Historically, the early fall has provided an ideal mix of market conditions, making it a good time for anyone who is in the market and looking to buy a home this year. 
 
According to Realtor®.com’s Chief Economist Danielle Hale, if you’re flexible on your timing and can budget for higher mortgage rates, early fall can be a great time to secure a home, with a number of factors aligning to make it the best time for the year both in terms of price and competition. She says this is especially true for first-time buyers and those who are not trying to sell a home at the same time as their purchase.
 
So what does that really mean for home shoppers? The week of Sept. 25 shows the best balance of market conditions that favor buyers, and those who buy during this week can expect a few things:
 
  • More homes with reduced prices. Some sellers are cutting prices to attract buyers as the housing market corrects, and more than 6% of homes may have reduced home prices during the best week in 2022. Nationally, this could translate into roughly 48,000 homes available at a decreased cost. Falling home prices could mean savings of more than $20,000, on average, relative to the summer’s peak home price of $450,000. 
  • More homes are available to shoppers. The number of homes for sale has increased this year too, and there may be approximately 46% more homes to choose from during the best week vs. the average week so far this year.
  • More time to decide. Homes are now staying on the market longer, giving buyers some breathing room to make purchase decisions. With homes expected to stay on the market during the best week in 2022 some 15 days longer than during the summer’s peak, you’ll likely have some extra time to make buying decisions. 
  • Less competition. Fierce home buying competition has softened as mortgage rates rise. As demand from other shoppers during the best week to buy is historically 27% lower than the yearly peak week, and 8.5% lower than the average week, potential buyers can expect fewer shoppers to compete with as they search for your next place to call home.  

Realtor®️.com is Your Trusted Guide

 
If you are in the market to buy a home this fall, Realtor®.com can help guide you through the process. Check out our Home Buying Checklist, with information about things to know and do before buying a house, including understanding your finances with our easy-to-use home affordability calculator and easy access to providers in your area.
 
Don’t wait, get started today, the best time to buy is right around the corner!

Recent Blog Posts

Covered terrace with pale limestone paving, ivory stucco, bronze-framed glass doors and a silver fan palm beside a raised planting bed.
Paradise Coast's Winter Calendar Is Built for Visiting Teams. Here's What's Free for Neighbors.
Sunlit kitchen with oak cabinetry, a navy quartz-topped island, pale limestone flooring and closed glass doors overlooking a covered tropical patio.
Outside Fiddler's Creek, This Year's New Tables Moved Into Old Rooms
Ivory stucco home with closed bronze-framed glass doors, a limestone terrace and a sculptural copper-barked tree beside native planting.
Estero's New River Park Meets Its First Eagle Season. Here's How a Visit Works This Fall.
Two-story beige home with attached garage, broad lawn, and mature tree in front.

Real Estate Update

Homes Are Still Selling – Even in a Slower Market

If you’ve seen headlines saying home sales are slowing down, you may be wondering: is this really a good time to sell? While the latest numbers show sales picked up s… Read more
Close view of a white stucco home's recessed oak entry, bronze-framed window, limestone approach and sea grape specimen.
The Naples Pier Is Past Halfway. Here's What Comes Back and What Doesn't.
Stone patio with a cushioned wooden chair, sliding glass doors, and tropical palms.
South Cape Has One Bike Night Before February. The Rest of Fall Runs on Smaller Things.
View All

Work With Us

You’ve got questions and we can’t wait to answer them.

Contact Us

Follow Me On Instagram
Get in Touch
Contact Details

SUNRIZON REALTY

(239) 207-5614

[email protected]



1721 San Marco Rd., #C

Marco Island, FL 34145