What's Happening?
Realtor.com's 2025 Best Time to Buy Report identifies October 12-18 as the optimal week for purchasing a home. Buyers can expect a 32.6% increase in active listings and a 30.6% reduction in competition, along with potential savings of $15,000. The report suggests a balanced market with more inventory, longer time on market, and price reductions, offering buyers a unique opportunity.
Why It's Important?
This report is crucial for home buyers seeking to maximize their purchasing power in a challenging market. The increased inventory and reduced competition provide a rare chance for buyers to find suitable homes at lower prices. This shift towards a more balanced market could influence buying decisions and stimulate activity in the real estate sector, potentially easing affordability issues.
