You may get a great deal on a new house in October in these markets

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October may just be the best time to buy a home, according to recent data from Realtor.com. That’s due, in part, because those who search in October will face less competition and could save tens of thousands of dollars, Realtor.com found.

Now that the peak home-buying season is over and prices are slowly dipping, the question remains: Which cities will have the cheapest, least-competitive housing markets this October?

Methodology

To answer that question, Realtor.com analyzed the following data for the 2018-2019 period both at the metropolitican and national levels (2020 data wasn’t uesd because of the affects of the pandemic on housing trends):

  1. Listing prices
  2. Inventory levels
  3. New “fresh” listing
  4. Time on market
  5. Homebuyer demand
  6. Price reductions

Realtor.com ranked each week of the year to determine how favorable conditions were for homebuyers during differen periods. Based on their findings, the week of Oct. 3-9 was the best time to buy a home in the majority of U.S. markets analyzed. You can find more about their methodology here.

Here are the best markets to buy homes during October, ranked from least to most buyer-friendly.

U.S. averages

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 7%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 18%
  • Median listing price vs. peak: -2.60%
  • New listings vs. average: 6%
  • Price reductions vs. average: 1.30%

50. Buffalo-Cheektowaga-Niagara, New York

  • Best week: Nov. 14 – Nov. 20
  • Active listings vs. avg.: 9%
  • Views per property vs. peak: -45%
  • Days on market vs. peak: 90%
  • Median listing price vs. peak: -11.60%
  • New listings vs. average: -14%
  • Price reductions vs. average: 1.90%

49. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina

  • Best week: Nov. 7 – Nov. 13
  • Active listings vs. avg.: 3%
  • Views per property vs. peak: -30%
  • Days on market vs. peak: 38%
  • Median listing price vs. peak: -4.80%
  • New listings vs. average: -1%
  • Price reductions vs. average: 0.10%

48. San Diego-Carlsbad, California

  • Best week: Oct. 31 – Nov. 6
  • Active listings vs. avg.: 8%
  • Views per property vs. peak: -40%
  • Days on market vs. peak: 45%
  • Median listing price vs. peak: -6.50%
  • New listings vs. average: -6%
  • Price reductions vs. average: 1.40%

47. Louisville/Jefferson County, Kentucky

  • Best week: Nov. 7 – Nov. 13
  • Active listings vs. avg.: 12%
  • Views per property vs. peak: -20%
  • Days on market vs. peak: 24%
  • Median listing price vs. peak: -11.30%
  • New listings vs. average: -3%
  • Price reductions vs. average: 1.50%

46. Orlando-Kissimmee-Sanford, Florida

  • Best week: Oct. 31 – Nov. 6
  • Active listings vs. avg.: 4%
  • Views per property vs. peak: -20%
  • Days on market vs. peak: 11%
  • Median listing price vs. peak: -4.00%
  • New listings vs. average: -1%
  • Price reductions vs. average: 1.10%

45. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

  • Best week: Oct. 31 – Nov. 6
  • Active listings vs. avg.: 10%
  • Views per property vs. peak: -16%
  • Days on market vs. peak: 30%
  • Median listing price vs. peak: -4.60%
  • New listings vs. average: 12%
  • Price reductions vs. average: 1.40%

44. Las Vegas-Henderson-Paradise, Nevada

  • Best week: Oct. 24 – Oct. 30
  • Active listings vs. avg.: 13%
  • Views per property vs. peak: -34%
  • Days on market vs. peak: 20%
  • Median listing price vs. peak: -6.60%
  • New listings vs. average: 6%
  • Price reductions vs. average: 2.70%

43. San Francisco-Oakland-Hayward, California

  • Best week: Oct. 17 – Oct. 23
  • Active listings vs. avg.: 31%
  • Views per property vs. peak: -44%
  • Days on market vs. peak: 58%
  • Median listing price vs. peak: -5.90%
  • New listings vs. average: 7%
  • Price reductions vs. average: 2.30%

42. Raleigh, North Carolina

  • Best week: Oct. 17 – Oct. 23
  • Active listings vs. avg.: 10%
  • Views per property vs. peak: -20%
  • Days on market vs. peak: 31%
  • Median listing price vs. peak: -4.10%
  • New listings vs. average: 5%
  • Price reductions vs. average: 2.50%

41. Baltimore-Columbia-Towson, Maryland

  • Best week: Oct. 17 – Oct. 23
  • Active listings vs. avg.: 10%
  • Views per property vs. peak: -25%
  • Days on market vs. peak: 31%
  • Median listing price vs. peak: -5.30%
  • New listings vs. average: 3%
  • Price reductions vs. average: 1.40%

40. Cleveland-Elyria, Ohio

  • Best week: Oct. 17 – Oct. 23
  • Active listings vs. avg.: 12%
  • Views per property vs. peak: -21%
  • Days on market vs. peak: 23%
  • Median listing price vs. peak: -7.70%
  • New listings vs. average: 3%
  • Price reductions vs. average: 1.70%

39. Cincinnati, Ohio

  • Best week: Oct. 10 – Oct. 16
  • Active listings vs. avg.: 12%
  • Views per property vs. peak: -24%
  • Days on market vs. peak: 23%
  • Median listing price vs. peak: -9.30%
  • New listings vs. average: 9%
  • Price reductions vs. average: 1.30%

38. Sacramento–Roseville–Arden-Arcade, California

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 20%
  • Views per property vs. peak: -33%
  • Days on market vs. peak: 49%
  • Median listing price vs. peak: -4.60%
  • New listings vs. average: 1%
  • Price reductions vs. average: 1.50%

37. San Jose-Sunnyvale-Santa Clara, California

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 29%
  • Views per property vs. peak: -50%
  • Days on market vs. peak: 75%
  • Median listing price vs. peak: -10.30%
  • New listings vs. average: 8%
  • Price reductions vs. average: 3.10%

36. Riverside-San Bernardino-Ontario, California

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 5%
  • Views per property vs. peak: -20%
  • Days on market vs. peak: 12%
  • Median listing price vs. peak: -1.50%
  • New listings vs. average: 12%
  • Price reductions vs. average: 1.10%

35. New Orleans-Metairie, Louisiana

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 1%
  • Views per property vs. peak: -13%
  • Days on market vs. peak: 22%
  • Median listing price vs. peak: -5.60%
  • New listings vs. average: 4%
  • Price reductions vs. average: 0.80%

34. Richmond, Virginia

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 11%
  • Views per property vs. peak: -17%
  • Days on market vs. peak: 26%
  • Median listing price vs. peak: -5.60%
  • New listings vs. average: 13%
  • Price reductions vs. average: 1.90%

33. Providence-Warwick, Rhode Island-Massachusetts

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 16%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 26%
  • Median listing price vs. peak: -4.10%
  • New listings vs. average: 20%
  • Price reductions vs. average: 1.90%

32. Kansas City, Missouri-Kansas

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 13%
  • Views per property vs. peak: -27%
  • Days on market vs. peak: 32%
  • Median listing price vs. peak: -7.30%
  • New listings vs. average: 11%
  • Price reductions vs. average: 1.80%

31. Indianapolis-Carmel-Anderson, Indiana

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 17%
  • Views per property vs. peak: -27%
  • Days on market vs. peak: 30%
  • Median listing price vs. peak: -15.60%
  • New listings vs. average: 19%
  • Price reductions vs. average: 2.20%

30. Oklahoma City, Oklahoma

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 1%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 26%
  • Median listing price vs. peak: -2.70%
  • New listings vs. average: 15%
  • Price reductions vs. average: 1.40%

29. Milwaukee-Waukesha-West Allis, Wisconsin

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 17%
  • Views per property vs. peak: -22%
  • Days on market vs. peak: 31%
  • Median listing price vs. peak: -16.10%
  • New listings vs. average: -4%
  • Price reductions vs. average: 2.50%

28. Hartford-West Hartford-East Hartford, Connecticut

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 9%
  • Views per property vs. peak: -21%
  • Days on market vs. peak: 46%
  • Median listing price vs. peak: -2.80%
  • New listings vs. average: 10%
  • Price reductions vs. average: 1.70%

27. Houston-The Woodlands-Sugar Land, Texas

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 5%
  • Views per property vs. peak: -25%
  • Days on market vs. peak: 35%
  • Median listing price vs. peak: -4.60%
  • New listings vs. average: -1%
  • Price reductions vs. average: 1.70%

26. Dallas-Fort Worth-Arlington, Texas

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 12%
  • Views per property vs. peak: -25%
  • Days on market vs. peak: 37%
  • Median listing price vs. peak: -8.50%
  • New listings vs. average: 5%
  • Price reductions vs. average: 1.90%

25. Columbus, Ohio

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 21%
  • Views per property vs. peak: -34%
  • Days on market vs. peak: 40%
  • Median listing price vs. peak: -12.30%
  • New listings vs. average: 10%
  • Price reductions vs. average: 3.30%

24. Charlotte-Concord-Gastonia, North Carolina-South Carolina

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 7%
  • Views per property vs. peak: -16%
  • Days on market vs. peak: 22%
  • Median listing price vs. peak: -5.60%
  • New listings vs. average: 6%
  • Price reductions vs. average: 1.60%

23. Birmingham-Hoover, Alabama

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 4%
  • Views per property vs. peak: -14%
  • Days on market vs. peak: 19%
  • Median listing price vs. peak: -5.10%
  • New listings vs. average: 4%
  • Price reductions vs. average: 0.70%

22. Atlanta-Sandy Springs-Roswell, Georgia

  • Best week: Oct. 3 – Oct. 9
  • Active listings vs. avg.: 11%
  • Views per property vs. peak: -23%
  • Days on market vs. peak: 25%
  • Median listing price vs. peak: -6.60%
  • New listings vs. average: 12%
  • Price reductions vs. average: 1.40%

21. Seattle-Tacoma-Bellevue, Washington

  • Best week: Sept. 26 – Oct. 2
  • Active listings vs. avg.: 41%
  • Views per property vs. peak: -53%
  • Days on market vs. peak: 93%
  • Median listing price vs. peak: -7.30%
  • New listings vs. average: 16%
  • Price reductions vs. average: 2.90%

20. St. Louis, Missouri-Illinois

  • Best week: Sept. 26 – Oct. 2
  • Active listings vs. avg.: 11%
  • Views per property vs. peak: -17%
  • Days on market vs. peak: 18%
  • Median listing price vs. peak: -4.30%
  • New listings vs. average: 12%
  • Price reductions vs. average: 1.50%

19. Rochester, New York

  • Best week: Sept. 26 – Oct. 2
  • Active listings vs. avg.: 15%
  • Views per property vs. peak: -29%
  • Days on market vs. peak: 43%
  • Median listing price vs. peak: -10.70%
  • New listings vs. average: -2%
  • Price reductions vs. average: 1.90%

18. Jacksonville, Florida

  • Best week: Sept. 26 – Oct. 2
  • Active listings vs. avg.: 3%
  • Views per property vs. peak: -24%
  • Days on market vs. peak: 17%
  • Median listing price vs. peak: -6.30%
  • New listings vs. average: 5%
  • Price reductions vs. average: 1.50%

17. Washington-Arlington-Alexandria, D.C.-Virginia-Maryland-West Virginia

  • Best week: Sept. 19 – Sept. 25
  • Active listings vs. avg.: 14%
  • Views per property vs. peak: -26%
  • Days on market vs. peak: 49%
  • Median listing price vs. peak: -4.80%
  • New listings vs. average: 11%
  • Price reductions vs. average: 1.30%

16. San Antonio-New Braunfels, Texas

  • Best week: Sept. 19 – Sept. 25
  • Active listings vs. avg.: 11%
  • Views per property vs. peak: -23%
  • Days on market vs. peak: 25%
  • Median listing price vs. peak: -5.60%
  • New listings vs. average: 23%
  • Price reductions vs. average: 1.20%

15. Memphis, Tennessee-Missouri-Arkansas

  • Best week: Sept. 19 – Sept. 25
  • Active listings vs. avg.: 7%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 17%
  • Median listing price vs. peak: -1.10%
  • New listings vs. average: 20%
  • Price reductions vs. average: 1.40%

14. Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin

  • Best week: Sept. 19 – Sept. 25
  • Active listings vs. avg.: 16%
  • Views per property vs. peak: -30%
  • Days on market vs. peak: 26%
  • Median listing price vs. peak: -6.10%
  • New listings vs. average: 12%
  • Price reductions vs. average: 1.60%

13. Austin-Round Rock, Texas

  • Best week: Sept. 19 – Sept. 25
  • Active listings vs. avg.: 13%
  • Views per property vs. peak: -22%
  • Days on market vs. peak: 34%
  • Median listing price vs. peak: -4.80%
  • New listings vs. average: 3%
  • Price reductions vs. average: 1.60%

12. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 25%
  • Views per property vs. peak: -28%
  • Days on market vs. peak: 20%
  • Median listing price vs. peak: -11.20%
  • New listings vs. average: 34%
  • Price reductions vs. average: 3.10%

11. Portland-Vancouver-Hillsboro, Oregon-Washington

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 24%
  • Views per property vs. peak: -30%
  • Days on market vs. peak: 47%
  • Median listing price vs. peak: -3.50%
  • New listings vs. average: 19%
  • Price reductions vs. average: 2.10%

10. Detroit-Warren-Dearborn, Michigan

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 69%
  • Views per property vs. peak: -51%
  • Days on market vs. peak: 27%
  • Median listing price vs. peak: -7.00%
  • New listings vs. average: 18%
  • Price reductions vs. average: 0.00%

9. New York-Newark-Jersey City, New York-New Jersey

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 8%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 39%
  • Median listing price vs. peak: -3.90%
  • New listings vs. average: 25%
  • Price reductions vs. average: 1.00%

8. Los Angeles-Long Beach-Anaheim, California

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 17%
  • Views per property vs. peak: -27%
  • Days on market vs. peak: 36%
  • Median listing price vs. peak: -0.90%
  • New listings vs. average: 18%
  • Price reductions vs. average: 1.30%

7. Denver-Aurora-Lakewood, Colorado

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 23%
  • Views per property vs. peak: -39%
  • Days on market vs. peak: 50%
  • Median listing price vs. peak: -8.60%
  • New listings vs. average: 22%
  • Price reductions vs. average: 3.10%

6. Boston-Cambridge-Newton, Massachusetts-New Hampshire

  • Best week: Sept. 12 – Sept. 18
  • Active listings vs. avg.: 21%
  • Views per property vs. peak: -30%
  • Days on market vs. peak: 63%
  • Median listing price vs. peak: -5.80%
  • New listings vs. average: 45%
  • Price reductions vs. average: 2.40%

5. Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey- Delaware-Maryland

  • Best week: June 6 – 12-Jun
  • Active listings vs. avg.: 6%
  • Views per property vs. peak: -28%
  • Days on market vs. peak: 6%
  • Median listing price vs. peak: -1.10%
  • New listings vs. average: 30%
  • Price reductions vs. average: 1.40%

4. Tampa-St. Petersburg-Clearwater, Florida

  • Best week: Jan. 10 – Jan. 16
  • Active listings vs. avg.: 2%
  • Views per property vs. peak: -15%
  • Days on market vs. peak: 27%
  • Median listing price vs. peak: -7.10%
  • New listings vs. average: 12%
  • Price reductions vs. average: 0.30%

3. Pittsburgh, Pennsylvania

  • Best week: Jan. 10 – Jan. 16
  • Active listings vs. avg.: 3%
  • Views per property vs. peak: -22%
  • Days on market vs. peak: 83%
  • Median listing price vs. peak: -12.80%
  • New listings vs. average: -12%
  • Price reductions vs. average: -1.50%

2. Miami-Fort Lauderdale-West Palm Beach, Florida

  • Best week: Feb. 7 – Feb. 13
  • Active listings vs. avg.: 6%
  • Views per property vs. peak: -12%
  • Days on market vs. peak: 11%
  • Median listing price vs. peak: -2.50%
  • New listings vs. average: 25%
  • Price reductions vs. average: 0.50%

1. Phoenix-Mesa-Scottsdale, Arizona

  • Best week: Jan. 10 – Jan. 16
  • Active listings vs. avg.: 10%
  • Views per property vs. peak: -18%
  • Days on market vs. peak: 48%
  • Median listing price vs. peak: -7.80%
  • New listings vs. average: 19%
  • Price reductions vs. average: 0.10%

Related:

This article was produced and syndicated by MediaFeed.org.

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You may get a great deal on a new house in October in these markets

Kaitlyn Farley

Kaitlyn Farley is MediaFeed’s writer/editor. She is a masters of science in journalism candidate at Northwestern University, specializing in social justice and investigative reporting. She has worked at various radio stations and newsrooms, covering higher-education, local politics, natural disasters and investigative and watchdog stories related to Title IX and transparency issues.

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