There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.
You Have More Options To Choose From
“There were 29.2% 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 2019.”
– Realtor.com
Home Price Growth Is Slowing
“Generally speaking, housing markets where active inventory has returned to pre-pandemic 2019 levels have seen home price growth soften or even decline outright from their 2022 peak.”
– Lance Lambert, Co-Founder of ResiClub
Remember: Inventory levels and home prices vary by market. Having a real estate agent who knows the local area can be a big advantage in understanding trends in your community.
Bottom Line
More housing options – and the slower home price growth they bring – can help you find and buy a home that works for your lifestyle and budget. Don’t hesitate to reach out to a local real estate agent to discuss your growing options.
