Why October Is the Best Time to Buy a Home

Now that it’s fall, are you wondering if you missed your chance to snag your dream home this year? Here’s the surprise: October might actually be your golden opportunity. According to Realtor.com, October is the best time of year to buy a home. Why? Let’s break it down.

First, inventory is up. Since spring, more and more homes have hit the market, and right now there are more choices than at any other time this year. In fact, Realtor.com reports that October can have up to 32% more active listings compared to January. That’s great news if you’ve been waiting for more options.

Second, homes are sitting longer. We’re back to pre-pandemic pace, where the market has slowed just enough to give buyers room to breathe. That means you don’t have to rush into a decision or compete with a dozen other offers the moment a listing goes live.

Third, prices tend to dip in the fall. It’s a seasonal trend — sellers who listed in the summer may start adjusting prices to attract buyers before the holidays. That can mean real savings for you!

And finally, mortgage rates — while still higher than we’d all like — have settled down. They’re lower than they’ve been all year, which gives buyers more purchasing power and can make a real difference in your monthly payment. So if you thought you missed your window to buy this year, think again.

October offers more inventory, less competition, potential savings, and more favorable financing. These factors all add up to a great time to make your move. Your dream home might be waiting right now — and fall could be the perfect season to find it.