The housing market in Cookeville is shifting this season, and if you’ve been waiting for the right time to resume your home search, now is a great opportunity. Experts have identified the week of Sept. 29–Oct. 5, 2024, as the ideal time to buy. During this period, conditions are favorable for buyers—inventory is higher, prices are lower, and demand has cooled, making the market more manageable.

If you're exploring homes for sale in Cookeville, TN the current market offers even more good news. Mortgage rates have hit their lowest point in 19 months, improving affordability. As Andy Walden from ICE explains, “Recent easing in mortgage rates brought some much-sought relief to prospective homebuyers,” making August the most affordable month for housing since February.

Realtors in Cookeville, TN also point out that inventory has grown by 35.8% compared to last year, giving buyers more options, especially in the new homes for sale in Cookeville, TN category. This surge in supply means sellers are more motivated, creating better negotiating opportunities. As Zillow notes, this early fall period offers a “sweet spot” with less competition, more motivated sellers, and lower interest rates.

Bottom Line

To take advantage of this prime time for houses for sale in Cookeville, TN, connect with one of the top realtors in Cookeville, TN. Whether you're a first-time buyer or searching for an upgrade, now could be the perfect time to find your dream home in real estate in Cookeville, TN.