No Need to Fear Spooky Season This Year: Realtor.com Report Finds October Is This Year's Best Time to Buy
Realtor.com (NYSE:NWS) released its sixth annual Best Time to Buy report, identifying Sept 29–Oct 5, 2024 as the best week to buy a home.
The analysis — using listing prices, inventory, fresh listings, time on market, listing views, and price reductions — estimates buyers could save > $14,000 versus the summer peak price of $445,000, see up to 37% more active listings than at the start of the year, and face 29.5% lower demand than peak buying periods. The week may also produce ~50,000 homes with price reductions (monthly reduced share > 22%) and slow market pace by 34.8%, adding over two weeks to typical peak days-on-market.
Realtor.com (NYSE:NWS) ha pubblicato il suo sesto rapporto annuale Best Time to Buy, identificando la settimana dal 29 settembre al 5 ottobre 2024 come la migliore settimana per acquistare una casa.
L’analisi – che utilizza i prezzi di listing, l’inventario, i nuovi annunci, il tempo sul mercato, le visualizzazioni degli annunci e le riduzioni dei prezzi – stima che gli acquirenti potrebbero risparmiare > 14.000 $ rispetto al prezzo massimo estivo di 445.000 $, vedere fino a 37% di annunci attivi in più rispetto all’inizio dell’anno e affrontare una domanda inferiore del 29,5% rispetto ai periodi di picco. La settimana potrebbe inoltre produrre ~50.000 case con riduzioni dei prezzi (quota ridotta mensile > 22%) e un ritmo di mercato più lento del 34,8%, aggiungendo oltre due settimane ai tipici giorni di mercato di picco.
Realtor.com (NYSE:NWS) publicó su sexto informe anual Best Time to Buy, identificando del 29 de septiembre al 5 de octubre de 2024 como la mejor semana para comprar una casa.
El análisis –que utiliza los precios de listado, inventario, listados nuevos, tiempo en el mercado, vistas de listados y reducciones de precio– estima que los compradores podrían ahorrar > $14,000 frente al precio máximo de verano de $445,000, ver hasta 37% más listados activos que al inicio del año y enfrentar 29,5% de demanda menor que durante los periodos de compra máximo. La semana también podría generar ~50,000 casas con reducciones de precio (participación mensual reducida > 22%) y un ritmo de mercado más látigo en 34,8%, añadiendo más de dos semanas a los días máximos de venta habituales.
Realtor.com (NYSE:NWS) 는 여섯 번째 연례 'Best Time to Buy' 보고서를 발표하며 2024년 9월 29일~10월 5일을 주택 구매에 가장 좋은 주로 식별했습니다.
분석은 목록 가격, 재고, 신규 목록, 시장에서의 시간, 목록 조회수 및 가격 인하를 사용하여, 구매자가 여름 절정 가격 $445,000 대비 $14,000 이상를 절약할 수 있고, 연초 대비 활발한 매물 37% 증가, 피크 구매 기간 대비 수요 29.5% 감소를 볼 수 있으며, 이 주에 약 50,000채의 가격 인하 매물이 나올 수 있고(월간 감소 비율 > 22%), 시장 속도는 34.8% 느려져, 전형적인 피크 매매일에 2주 이상을 추가합니다.
Realtor.com (NYSE:NWS) a publié son sixième rapport annuel Best Time to Buy, identifiant du 29 septembre au 5 octobre 2024 comme la meilleure semaine pour acheter une maison.
L’analyse – en utilisant les prix des listes, l’inventaire, les nouvelles inscriptions, le temps sur le marché, les vues des annonces et les réductions de prix – estime que les acheteurs pourraient économiser > 14 000 $ par rapport au prix peak d’été de 445 000 $, voir jusqu’à 37% de listes actives en plus que d’but d’année et faire face à 29,5% de demande en moins que les périodes d’achat de pointe. La semaine pourrait aussi produire ~50 000 maisons avec des réductions de prix (part mensuelle réduite > 22%) et un rythme de marché plus lent de 34,8%, ajoutant plus de deux semaines aux jours photographiques de marché de pointe.
Realtor.com (NYSE:NWS) veröffentlichte seinen sechsten jährlichen Bericht Best Time to Buy und identifizierte die Woche vom 29.09. bis 05.10.2024 als beste Woche zum Hauskauf.
Die Analyse – unter Verwendung von Angebotspreisen, Lagerbestand, Neuimmobilien, Verweildauer am Markt, Ansichten von Immobilienanzeigen und Preisreduzierungen – schätzt, dass Käufer sich > 14.000 $ im Vergleich zum Sommer-Hochpreis von 445.000 $ sparen könnten, bis zu 37% mehr aktive Inserate sehen als zu Jahresbeginn und einer 29,5% geringeren Nachfrage als in Peak-Kaufperioden gegenüberstehen. Die Woche könnte auch ~50.000 Häuser mit Preisreduzierungen bringen (monatlich reduzierter Anteil > 22%) und das Markttempo um 34,8% verlangsamen, was über zwei Wochen zu typischen Peak-Tagen-on-Market hinzufügt.
Realtor.com (NYSE:NWS) أصدرت تقريرها السنوي السادس عن أفضل وقت للشراء، محددة الأسبوع الممتد من 29 سبتمبر إلى 5 أكتوبر 2024 كأفضل أسبوع لشراء منزل.
يعتمد التحليل – باستخدام أسعار القوائم، المخزون، القوائم الجديدة، الوقت في السوق، مشاهدات القوائم، وتخفيضات الأسعار – على أن المشترين يمكن أن يوفروا > $14,000 مقارنة بسعر الذروة الصيفي البالغ $445,000، ويرون حتى 37% زيادة في القوائم النشطة مقارنة ببداية العام، ويواجهون انخفاضاً في الطلب بنسبة 29.5% عن فترات الشراء الذروة. قد تنتج الأسبوع أيضاً نحو ~50,000 منزل مع تخفيضات في الأسعار (حصة التخفيض الشهرية > 22%) وبوتيرة سوق أبطأ بنحو 34.8%، مما يضيف أكثر من أسبوعين إلى أيام السوق الذروة المعتادة.
- Estimated savings of >$14,000 vs summer peak price
- Inventory +37% vs start of year during best week
- Demand -29.5% compared with peak buying periods
- ~50,000 homes could see price reductions in that week
- Monthly price-reduced share >22% implied for the week
- Peak median price was $445,000 in summer (baseline high)
- Market pace still shows a 44-day peak in June despite slowdown
- Best week reliance on seasonal patterns; interest rates excluded
- Annual Report from Realtor.com finds September 29 - October 5 to be the best week to buy in 2024
- The first week in October buyers could save over
$14,000 compared to the summer's peak price and may see up to37% more active listings than at the start of the year. - Although the 2024 homebuying season was relatively slow, this fall is poised to bring lower mortgage rates and more for-sale inventory
SANTA CLARA, Calif., Sept. 10, 2024 /PRNewswire/ -- As much anticipated mortgage relief is on the way and as many potential buyers could step off the sidelines, Realtor.com® launched its sixth annual Best Time to Buy Report. According to an analysis of key market dynamic metrics including: listing prices, inventory levels, new "fresh" listings, time on market, homebuyer demand (Realtor.com® listing views), and price reductions, the Best Time to Buy in 2024 is the week of September 29 - October 5.
During this optimal week, buyers could save over
"Unlike the past few years, we are seeing ample for-sale inventory which could soak up any late-season demand in many markets, making the fall a great time to buy even if falling mortgage rates amp up more demand than is typical," said Danielle Hale, chief economist, Realtor.com®. "This year buyers who are looking for that optimum mix of ample options and the potential to save on list price are going to find some of the best market dynamics in years during the first week of October."
Purchasing a home or making an offer on a home this week may offer:
- Savings of more than
$14,000 relative to the summer's peak price of$445,000 - Up to
37% more active listings than at the start of the year - More time to decide as homes are expected to stay on the market for more than two weeks longer, on average, than during this year's peak
- Less competition with demand expected to be
29.5% lower than peak buying periods
"If the Best Week feels like it is approaching too quickly, buyers may be happy to hear that the following two weeks are the second- and third-best weeks to buy," said Hannah Jones, senior economic research analyst, Realtor.com®. "These weeks boast many of the same benefits as the best week, but are just slightly less favorable due to falling new listing activity."
Since 2018, Realtor.com® has analyzed home prices, inventory, listing views, and time on market, indicators that tend to follow regular seasonal patterns, to determine the best time to buy. Here's how these factors breakdown during this unique window:
- Reduced Listing Prices: Nationally, the best week could mean roughly 50,000 homes seeing price reductions, based on inventory estimates. This weekly price reduction rate would translate to a monthly price reduced share of more than
22% . - Increased Listings To Choose From: 2024 has diverged somewhat compared to past years as sustained seller activity and tepid buyer demand have pushed inventory levels higher. If this trend continues, the first week in October may see active listings climb to their highest level since pre-pandemic.
- Less Competition From Other Buyers: Home buyers shopping during the best week should expect less competition from other buyers. Historically, during the Best Week to Buy, demand is
29.5% lower than the peak, and14.0% lower than the average week. - A More Manageable Market Pace: The best week historically slowed by
34.8% compared to the peak pace earlier in the year. With a peak market pace of just 44 days in June, based on seasonal trends and a cooling market, the Best Week is expected to add more than two weeks to the market peak.
Jones added, "Buyers trying to close this fall should prepare now, and a great way to start is by saving a search, like you can do on Realtor.com®, to stay up to date on homes in their price range without the work of having to refresh or recreate their search."
To learn more read the full Best Time to Buy report and check out the Realtor.com Economic Research and Data
Methodology Notes:
Realtor.com analyzed six supply and demand metrics at a national and metropolitan level that follow seasonal patterns, using data for 2018-2023 period (2020 data was omitted due to anomalies caused by the pandemic). Those metrics analyzed include: 1) listing prices, 2) inventory levels, 3) new "fresh" listings, 4) time on market, 5) homebuyer demand (realtor.com views per property) and 6) price reductions. Interest rates, which do not follow seasonal patterns, were not included. To account for 2024 market conditions, estimates reflect typical seasonal patterns layered on top of the most recent 2024 weekly data.
Each week of the year was scored from 0 to 100 based on the number of active listings. A given week scored highly if it had more listings compared to other weeks of the year. The other metrics were scored in the same way, such that each week had six different scores for active listings, new listings, listing prices, days on market, price reductions, and views per property. (In the case of prices, lower prices score higher. Same with views per property).
Each week was then ranked by the average of those scores. The week with the highest composite score was considered the best time to buy. This week represents a balanced view of market conditions favorable for buyers.
About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.
Media Contact: Mallory Micetich, press@realtor.com
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SOURCE Realtor.com
FAQ
What does Realtor.com's Sept 29–Oct 5, 2024 Best Time to Buy mean for NWS shareholders?
How much could buyers save during the best week identified by Realtor.com (Sept 29–Oct 5, 2024)?
How much more inventory is expected during Realtor.com's best week to buy in 2024?
What change in buyer competition does Realtor.com report for the best week (Sept 29–Oct 5, 2024)?
How many homes could see price reductions during the best week to buy, per Realtor.com's report?
Why does Realtor.com's methodology exclude interest rates from the Best Time to Buy scoring?
