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Against the backdrop of mortgage rates holding near 6.7%, the residential demand environment has sorted itself into a thinner, more selective buyer pool.
Realtor.com identifies the week of September 27 through October 3 as historically the most favorable stretch of the calendar for those buyers, with inventory elevated and sellers who missed the summer season increasingly willing to negotiate on price.
Inventory in this window is typically up roughly 32% from where it stood at the start of the year, according to Realtor.com.
Price reductions are running at about 5.7% of active listings, which the firm describes as one of the peak weeks for cuts across the full calendar.
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