Want To Buy a Home? Now May Be the Time
If you’ve been thinking about buying a home, now might be your best opportunity. There are more homes for sale today than at any time last year, giving buyers more choices and less competition than we’ve seen in quite some time.
Over the past four months, housing inventory in the U.S. has been steadily increasing. Rising mortgage rates have helped cool the intense demand that defined the pandemic housing market—creating a window of opportunity for serious buyers who are ready to make a move.
Why Now Might Be a Great Time To Buy
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains how this shift benefits motivated buyers:
“This is an opportunity for people with a secure job to jump into the market, when other people are a little hesitant because of a possible recession. They’ll have fewer buyers to compete with.”
In other words, when others pause, you can act—and potentially find the right home without getting caught in multiple-offer battles.
Two Reasons There Are More Homes on the Market
1. Fewer Homes Are Selling Each Month
One key reason inventory is up is that home sales have slowed. Higher mortgage rates and rising home prices have caused many would-be buyers to delay their plans. As demand cools, more listings stay active longer, which increases the number of available homes.
According to recent data from realtor.com, active real estate listings have climbed for four consecutive months, a clear sign that buyers have more options today than they did even a few months ago.
2. More Homeowners Are Listing Their Properties
Another factor behind the growing inventory is that more sellers are putting their homes on the market. Over the past three months, new listings have outpaced the same time last year. This means fresh options are hitting the market regularly—something we didn’t see much of during the pandemic boom.
What This Means for You
If you’ve been frustrated by bidding wars or priced out of the market last year, now may be your time to re-enter. With more homes for sale and fewer buyers competing, you have a stronger position to find—and negotiate for—the home that fits your needs.
While mortgage rates remain higher than in recent years, experts suggest that buyers focus on finding the right home first—you can always refinance later if rates drop.
Bottom Line
The real estate market is shifting, and with more homes available and less competition, this could be the opportunity you’ve been waiting for. If you’re ready to explore your options, connect with a trusted real estate professional who can guide you through the process and help you make the most of today’s market conditions.
