Thought the Market Passed You By? Think Again.

If you paused your home search over the past few years, you’re not alone — and you’re definitely not out of options. In fact, today’s market might be ideal for buyers.

With more homes to choose from, prices leveling off, and mortgage rates easing, you have something you haven’t seen in a while: options.

Experts agree buyers are in a better spot now than in years. Here’s why.

Affordability Is Improving

Lisa Sturtevant, Chief Economist at Bright MLS, explains:

“Slower price growth coupled with a slight drop in mortgage rates will improve affordability and create a window for some buyers to get into the market.”

Mortgage rates have eased, and price growth has slowed. That one-two combo is making homes more affordable than they’ve been in months.

More Homes Are on the Market

A big reason prices are easing: inventory is up.
According to Realtor.com, there are 17% more homes for sale today than last year, giving buyers:

• More options

• Less competition

• A better chance to find the right home

Lawrence Yun, Chief Economist at NAR, says:

“Homebuyers are in the best position in more than five years to find the right home and negotiate for a better price. Current inventory is at its highest since May 2020, during the COVID lockdown.”

Inventory is up across every region of the country, though it varies by area:

• South and West: Inventory has fully recovered or even grown above pre-pandemic levels

• Northeast and Midwest: Supply is still tighter, but better than last year

Even where inventory is tighter, buyers still benefit from more choices and more negotiating power.

Why This Matters for You

Fewer buyers competing for more homes means sellers are more willing to negotiate. That’s good news if you’ve stepped away from the market because things felt too competitive or expensive.

You don’t have to jump in immediately. Start by planning ahead:

• Work with a trusted agent

• Review your budget

• Narrow your search

• Be ready when the right home hits the market

Bottom Line

Curious about what’s available in our area? Let’s talk. I can give you a custom overview of homes on the market now and help you be ready when the timing is right.

This isn’t 2021. It’s not 2023 or 2024.

This is a new market — and you might be surprised by what you find.

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.