Oct 2, 2024 - News
Charted: Best time to buy
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October and early November have historically been the best times to buy a home in Phoenix, per a new Realtor.com report.
The big picture: Home buying typically peaks in the summer and properties tend to sit on the market longer heading into the winter.
- Yes, but: Inventory usually remains high in fall and buyers have extra bargaining power as sellers are eager to close a deal before the holidays, real estate experts tell Axios.
What we're watching: Mortgage rates are once again a wild card. Experts predict lower rates could bring buyers off the sidelines, which might drive home prices even higher if inventory doesn't improve.