Are you looking for a house? If so, we have good news for you.
It’s undeniable that the real estate market is having a great year, but many headlines focus on benefits for sellers. But what about today’s buyers? As a buyer, you are likely to face war and weigh low mortgage rates against rising prices when looking for your dream home. If you’re a little embarrassed, listen to this. There are clear signs that buyers may have more opportunities this weekend.
According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts looked at recent data to analyze housing market trends. When applied to the current market, experts have determined the ideal week to buy a home this year. According to research:
“Nationally, the best time to shop in 2021 is the week of October 3-9. Historically, this week has shown the best balance between market conditions in favor of buyers. “
So what does this mean to you? If you want to buy a home, the golden window of opportunity is threatened. Here’s what you can expect from this week:
Larger housing stock
The number of homes available for sale should increase. According to realtor.com, more new ads are expected to hit the market on October 3rd this week. Survey results estimate that about 17.6% more homes will be available than we saw earlier this year.
This means there are more options you can choose from, and it should be a welcome remedy in a market where homes are scarce.
There are few bidding wars
As more homes become available, the number of bid wars should decrease slightly. If there are more options, it means that buyers may not be so fiercely competing for housing in the market because there are more options for everyone.
This means that creating an offer will reduce competition and increase your chances of being the best offer. Remember that it is still important to make strong suggestions.
Adjusted house price
Towards the end of the year, realtor.com findings suggest that this week could be one of the highlights of the 2021 price cut. Historically, the data show an average of 7.0% of homes that week. .. Why? As the supply of homes grows, sellers need to look for other ways to make their home stand out. This means that you can see homes with price adjustments from enthusiastic sellers, although home prices are generally still rising. The process of closing a house takes time. Sellers may be more motivated in October to close by the end of the year.
Conclusion
If you are looking for a home, you will not lose steam now. The data show that early October can give you the long-awaited opportunity to find your dream home. Call us to have a trusted ally and adviser to help you stay motivated so that you can find the right home for you.
