‘Black Friday’ for Home Buying Is Near
‘Black Friday’ for Home Buying Is Near | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. The week of Sept. 22, which marks the beginning of fall, is the best time of year to buy a home, according to a new realtor.com® analysis. Buyers tend to find less competition, more inventory, and the biggest reductions on list price during that week, according to the study, which evaluated housing data in 53 metros from 2016 to 2018. During the first week of fall, buyers tend to face 26% less competition from other buyers, and they are likely to see 6.1% more homes available on the market compared to other weeks of the year, according to the analysis. Nearly 6% of homes on the market will also see price reductions, averaging 2.4% less than their peak. “As summer winds down and kids return to school, many families hit pause on their home search and wait until...