This is the best week to buy a home. (via CNBCMakeIt)
As summer winds down, those in the U.S. home buying market may be approaching the best week to buy.
For the report, Realtor.com crunched 2016 to 2018 data for six supply-and-demand metrics at a national and metropolitan level: online page-views per property on, median listing price, percent of list prices reduced, median days on market, new-listing count and active listing count.During the first week of fall an average of 6% of homes on the market across the U.S. goAs for individual cities, Denver leads in average percentage of listings with reductions at 11%, Salt Lake City followed at 10.
During the first week of fall, buyers across the U.S. face an average of 6% less competition than an average week. "Based on past experience, buyers don't come out the day after Labor Day like many people or sellers think," Michael J. Franco of Compass told CNBC Make It. "There are many factors that influence or interrupt the flow of buyers in September, including hectic back-to-school commitments, the Jewish holidays, or extended summer vacation rentals."
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