Paused Your Moving Plans? Here’s Why It Might Be Time To Hit Play Again

Is It Time to Restart Your Home Search? Here’s Why It Might Be!

Last year, 70% of buyers gave up on their home search—maybe you were one of them. And it’s no surprise! With low inventory, high prices, and unpredictable mortgage rates, finding an affordable home was tough.

But here’s the good news: the market is shifting!

More Homes to Choose From

The biggest challenge in recent years? Not enough homes for sale. But that’s changing! According to Realtor.com, inventory has jumped 27.5% compared to last year—which means you now have more options.

If you were hesitant to sell because you weren’t sure where you’d go next, now’s the time to explore your choices!

Homes Are Staying on the Market Longer

In the past, homes were selling almost instantly, making it stressful to find your next place. Now, homes are sitting on the market longer—about 8% more days than last year.

This gives buyers more flexibility and a little breathing room to make the right decision. As Realtor.com’s Hannah Jones puts it:

"There are more homes for sale than in the last few years...which means the market pace is a bit more manageable."

What About Sellers?

If you’re selling, don’t worry! Inventory is still 23% lower than pre-pandemic levels, so well-priced homes are selling fast.

Bottom Line

If you hit pause on buying or selling, it might be time to press play again. With more inventory and a slightly slower pace, now could be the perfect moment to jump back into the market.

Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.

Jeremy Kilbourne

Jeremy is Arch Mortgage North’s Lead Loan Officer. Bringing experience, compassion and creativity to the mortgage lending process, Jeremy loves helping clients achieve their home ownership goals.

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Seller Concessions: A Smart Strategy To Get Your House Sold

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How To Buy a Home Without Waiting for Lower Rates