This Is the Best Week to Buy a House — Do Not Miss Your Chance

by EV Atlanta

If you’ve been sitting on the sidelines or casually browsing open houses, it may be time to officially put yourself in the home-buying game. That’s because the best time to buy a home in 2024 will be the week of September 29 to October 5, according to a new report from Realtor.com.

It’s the best time to buy a home for a number of reasons. The first reason — and possibly most important — is that buyers could save more than $14,000 on their home purchases when compared to summer’s peak prices, and, depending on the area, you could have your pick of up to 37% more active listings than at the start of the year, according to Realtor.com.

With recent rate drops, it’s likely many buyers will jump into the market with renewed interest, he says, and many of those buyers will list the homes they are leaving to buy a new house, shaking up the market and inventory. Even still, the competition is less stiff than in spring.

One tip to make the most of this week? Look at how long homes have been listed. Many sellers who listed homes in the spring or summer may reduce their asking prices in the fall if they haven’t sold yet, says Tammie Carter, real estate advisor with Engel & Völkers Atlanta.

“Sellers who have kept their homes listed this late are often more serious about selling and may be more motivated to close a deal before the holiday season, leading to potential discounts,” she says.