The first week of October is pinpointed as the best time to buy a home this year in many markets, offering a wider selection of homes for sale, fewer competing offers, and potential savings of more than $15,000 compared with the summer peak for a median-priced home, according to Realtor.com.
In Louisville, Ky., the best time to buy a home is from Nov. 5–11, when house hunters can find the biggest price reductions and 20% more active listings compared with an average week for the area. Similarly, buyers can find the best deals in Phoenix and Charlotte, N.C., at the start of November, when new listings are up 28% and 18%, respectively.
“What happens in the first week of November in Arizona?” asks Kristy Ryan, a Realtor at Re/Max Fine Properties in Scottsdale. “It’s heaven. It’s like 82 degrees. We’re getting ready to head into the best eight months of the year where it’s 80 degrees every day, sunny and beautiful.”
The first week of November is a unique window of opportunity here, with 28% more new listings than an average week—the highest on our list.