There are more homes on the market right now than there have been in years. That could be a game changer for you if you are ready to buy. Let’s look at the reasons why.
You Have More Options To Choose From
An article from Realtor.com helps explain just how much the number of homes for sale has gone up this year.
“There were 28.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2018”
And while the number of homes on the market still isn’t quite back to where it was in the years leading up to the pandemic, this is definitely an improvement.
With more homes available for sale now, you have more options to choose from. That means you have a better chance of finding a house that meets your needs. It also means the buying process doesn’t have to feel quite as rushed. More options on the market means you will likely face less competition from other buyers.
Home Price Growth is Slowing
When there aren’t many homes for sale, buyers have to compete more fiercely for the homes that are available. That’s what happened a few years ago.
Having a real estate agent who knows the local area can be a big advantage. I can help you understand the trends in your community. That could make a real difference in finding a home that fits your needs and budget.