According to Realtor.com this week is the best week of the year to buy. Here are three reasons why:
1. Inventory typically peaks around the beginning of October. The evidence supports this as active inventory in the Nokomis area has hit its highest levels of the year.
2. Prices usually ease from their highs of the peak buying season. In the past 7 days alone, we have seen 12 price reductions.
3. Buyer demand/competition falls as we head towards the Holiday season. Competition will increase after the New Year
Add in the lowest mortgage rates since February 2023 and now is a great time to buy.
1. Inventory typically peaks around the beginning of October. The evidence supports this as active inventory in the Nokomis area has hit its highest levels of the year.
2. Prices usually ease from their highs of the peak buying season. In the past 7 days alone, we have seen 12 price reductions.
3. Buyer demand/competition falls as we head towards the Holiday season. Competition will increase after the New Year
Add in the lowest mortgage rates since February 2023 and now is a great time to buy.
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