The Best Time To Buy a Home This Year

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Featured Properties

19800 Cantwell Ranch Rd

2 Bedrooms | 1 Baths | 1,120 sq. ft. +/-43 Acres →$385,000

5117 Julia Berger Cir

4 Bedrooms | 3 Baths | 2,415 sq. ft. →$795,000

1165 Dartmouth Cir

3 Bedrooms | 2.5 Baths | 1,917 sq. ft. →$587,000

170 Windsor Dr

4 Bedrooms | 2.5 Baths | 2,484 →$1,250,000

19615 Park Ridge Dr

3 Bedrooms | 2 Baths | 1,853 sq. ft →$389,000

1234 Alderwood Way

3 Bedrooms | 2 Baths | 1,350 sq. ft. →$549,997

825 Blossom Ave

4 Bedrooms | 2 Baths | 1,304 sq. ft. →$515,000

1610 Copley Ct

4 Bedrooms | 2 Baths | 1,885 sq. ft. →$675,000

1135 Dartmouth Cir

4 Bedrooms | 3 Baths | 2,169 sq. ft. →$630,000

5039 Brookdale Cir

3 Bedrooms | 2 Baths | 1,082 sq. ft. →$629,000

213 Sea Crest Cir

2 Bedrooms | 2.5 Baths | 1,418 sq. ft. →$435,000

67 Zinnia Ln

4 Bedrooms | 3 Baths | 2,714 sq. ft. →$599,000

7670 Wren Ave

4 Bedrooms | 2 Baths | 1,839 sq. ft. →$998,000

2697 Limerick Rd

4 Bedrooms | 2 Baths | 1,302 sq. ft. →$775,000

4713 Pedersen Way

4 Bedrooms | 2 Baths | 1,479 sq. ft. →$529,000

19595 Old Creek Road

3 Bedrooms | 2 Baths | 1,924 sq. ft. →$608,000

295 Honeysuckle Dr

3 Bedrooms | 2 Baths | 1,658 sq. ft. →$545,000

255 Boas Drive

3 Bedrooms | 2 Baths | 1,593 sq. ft. →$889,000

70 Augusta Circle

4 Bedrooms | 4 Baths | 3,002 sq. ft. →$1,695,000

12 Bodega Ave

3 Bedrooms | 2 Baths | 1,851 sq. ft. →$1,159,000

The Best Time To Buy a Home This Year

A shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a home this year is just around the corner. Your sweet spot is here.

The experts at Realtor.com study seasonal trends to figure out the ideal week for homebuyers:

“Nationally, the best time to buy in 2024 is the week of Sept. 29–Oct. 5. This week historically has shown the best balance of market conditions that favor buyers. Inventory tends to be high, prices are below peak levels, demand is waning, and the pace of the market slows to a more manageable speed.”

In addition to the historical trends and typical seasonality that Realtor.com looks at, there are also clear indicators in today’s market data that you’ll see better conditions right now than you would have over the last few years.

Mortgage rates just hit their lowest point in 19 months, and that goes a long way to help with your purchasing power and affordability. Andy Walden with Intercontinental Exchange Inc. (ICE) points out:

“Recent easing in mortgage rates brought some much-sought relief to prospective homebuyers. Along with a general cooling in home price growth, rates falling below 6.5 percent made August the most affordable month for housing since February.”

And Ralph McLaughlin, Senior Economist at Realtor.com, explains that it’s not just rates that have improved – inventory has too:

“The number of homes actively for sale continues to be elevated compared with last year, growing by 35.8%, a 10th straight month of growth, and now sits at the highest since May 2020.”

That should give you more options. At the same time, sellers now have to compete with each other for your attention. That means they’ll be more likely to negotiate because they know their house will sit on the market longer if they don’t. As Zillow says:

“Buyers waiting on the sidelines could find that early fall presents a ‘sweet spot,’ where there’s less competition from other buyers, more motivated sellers and lower interest rates to finance their purchases.”

Bottom Line

If you want to make sure you’re ready to take advantage of this sweet spot, let’s connect and start the prep work now. Maybe it’s time to get off the sidelines and into the action.