
Nationally, the best time to buy a home is the week of October 12–18, according to a recent report from Realtor®.com. Historically, this week offers the most favorable conditions for buyers, with higher inventory levels, lower home prices, reduced competition, and a slower market pace. However, the optimal buying window varies across local markets. Some areas have already experienced peak buyer conditions, while others may not reach their ideal period until November or December.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 4:
- New Listings decreased 4.4% to 1,409
- Pending Sales decreased 5.7% to 966
- Inventory remained flat at 10,688
FOR THE MONTH OF AUGUST:
- Median Sales Price increased 2.8% to $400,000
- Days on Market increased 5.0% to 42
- Percent of Original List Price Received remained flat at 98.7%
- Months Supply of Homes For Sale remained flat at 2.8
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.