Why More Inventory Is a Game-Changer
One of the biggest obstacles homebuyers faced last year was the sheer lack of available homes. Even if you were financially ready to make a purchase, finding a house that met your needs was a serious challenge. But now, things are shifting in your favor.
According to Realtor.com, housing inventory has surged by 27.5% compared to this time last year. That means more options for buyers and a better chance of finding a home that checks all the boxes.
More available homes also mean sellers who were hesitant to list now have a greater chance of finding their next home. If you were reluctant to sell because you weren’t sure where you’d go next, this increase in inventory could be the green light you’ve been waiting for.
Homes Are Staying on the Market Longer
In the height of the housing frenzy, homes were getting snatched up almost overnight, making it difficult for buyers to make well-informed decisions. Now, with homes staying on the market about a week longer than last year, buyers have more time to weigh their options and negotiate.
Hannah Jones, Senior Economic Research Analyst at Realtor.com, explains, “There are more homes for sale than in the last few years, which means the market pace is a bit more manageable… buyers may find a bit more give in the market, which could give them more time to make a decision.”
For sellers, this shift doesn’t mean homes aren’t selling—it just means the process is less rushed. And with inventory still about 23% lower than pre-pandemic levels, well-priced homes are still moving quickly.
What This Means for You
If you hit pause on buying or selling last year, it might be time to reconsider. Here’s why:
- Buyers: You have more choices, more time to decide, and possibly more negotiating power.
- Sellers: More inventory means more options for your next home, and homes are still selling when priced correctly.
Bottom Line
The real estate market is in a much healthier place than it was just a year ago. Whether you’re looking to buy or sell, now may be the right time to take action. With more homes on the market and less pressure to make snap decisions, it’s worth revisiting your plans and making your move.
Follow Hashtags: #LocalSocialPro