The 2023 homebuying season has seen fewer homeowners listing their homes for sale due to high home prices and climbing mortgage rates. Despite limited inventory, homes are spending more time on the market, offering buyers more time to explore their options. The best time to buy a home is the week of October 1-7, when active listing inventory is expected to be up to 17% higher than at the start of the year, and buyers can save over $15,000 compared to the summer peak for a median priced home.
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