Is It Easier to Find a Home Now?
If you’ve been on the fence about buying a home, you’re probably wondering if now’s a good time to start looking. After years of facing a tight housing market with not enough homes to go around, there’s a hint of change in the air.
Recent data from Realtor.com reveals a positive shift – there are more homes available now than we’ve seen in the past few years (2021-2023). This marks a significant moment for buyers who’ve been waiting to find that perfect place to call home.
But Is Finding Your Next Home Really Easier Now?
Yes and no. According to Realtor.com:
“There were nearly 15% more homes for sale in February than a year earlier. … That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However, the nation is still suffering from a housing shortage even with all of that new inventory.”
So, what’s the takeaway? While it’s true that there are more homes to consider, it’s also clear that we’re not quite back to a “balanced” market yet. The inventory is growing, which is fantastic news for buyers hungry for more options. However, we’re still playing catch-up from the inventory lows of the pandemic years.
What This Means for Buyers Like You
This slight increase in available homes means you may find a few more options in your search. Yet, the truth remains that the market is still tight, and expecting a flood of choices might lead to disappointment.
This is where having a savvy local real estate agent by your side becomes invaluable. They’re your eyes and ears of the housing market, equipped with the latest insights and strategies to navigate a market that’s still finding its footing. They know what’s happening in your desired area and can offer tailored advice to match your homebuying goals.
Let’s Team Up
Wondering if now is your time to start home shopping? We’re here to help! Our goal is to empower you with information and support as you begin your search. So, if you’re ready to explore your options and make informed decisions, let’s connect.
