History repeats itself

October has historically been the best month for buyers, and it looks like this year will follow suit. While prices and interest rates remain high, growing inventory levels and longer days on market are giving buyers new options. 

Inventory jumped a whopping 31% YoY in the week ending October 8th

Time on market has doubled to 34 days from the record-low of 17 days in May and June

The median asking price for newly listed homes increased by 8% from last year to $378,225

My Take

• Now is the time to take advantage of this sweet spot where inventory is up and everyone’s willing to negotiate.