While summer is traditionally considered peak season for home-buying, Q4 emerged as the most active period last year, driven by declining mortgage rates in Q3, Waugh said in a statement. Buyers and sellers entering the market now through the end of the year are highly motivated. Navigating seasonal changes such as school schedules, inclement weather, and holiday commitments shows serious intent. Waugh noted that sellers who are keeping their homes ready for showings remain dedicated, even as mortgage rates hit their lowest point of the year and improved affordability draws more buyers back into the market.