Why Now Might Be the Perfect Time to Revisit Your Home Search
If you’ve taken a break from house hunting over the past few years, you’re definitely not alone. The good news? Your moment may have just arrived. The housing market is shifting in ways that finally give buyers something they haven’t had in a long time: options. With more homes hitting the market, prices leveling off, and mortgage rates beginning to ease, now could be an ideal time to revisit your search. Many industry experts agree that today’s buyers are in a stronger position than they’ve been in years. Here’s why.
Affordability Is Improving
There are early but encouraging signs that affordability is getting better. Lisa Sturtevant, Chief Economist at Bright MLS, recently explained that “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.” After months of climbing rates and fast-moving prices, some relief is finally here. As mortgage rates drift downward and home price growth cools, buyers are beginning to find a bit more flexibility in their budgets.
Inventory Is Growing
At the same time, buyers have more homes to choose from. Realtor.com reports that listings are up 17% compared to this time last year. That means less competition, a wider selection, and a better chance of finding the home that fits your needs. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), summed it up well: “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.”
This trend is happening across the country. Whether you’re looking for your first home, wanting more space, or thinking about downsizing, more choices are appearing. In fact, when compared to the pre-pandemic years (2017–2019), the South and West have not only recovered but surpassed typical inventory levels. The Northeast and Midwest are still catching up, but even in those regions, buyers are seeing far more listings than they have in several years.
More inventory is good news for anyone thinking about making a move. With increased supply and fewer bidding wars, sellers are more open to negotiation—giving buyers leverage that hasn’t been available in quite some time.
Every Market Is Different
Of course, housing conditions vary widely from one community to another. That’s why working with an experienced real estate professional, like me, can help you understand what’s really happening in your local market. National headlines only tell part of the story; local insights can help you identify opportunities early and navigate the process with confidence.
Thinking About Picking Up Your Search Again?
If you stepped away from the market because it felt too competitive, too costly, or too unpredictable, now may be the perfect time to jump back in. And even if you’re not ready to buy just yet, this is a great moment to prepare by reviewing your finances, exploring mortgage options, and keeping an eye on what’s available in your preferred price range.
Whenever you’re ready, I’m here to help. Reach out today, and let’s talk about your goals and the opportunities you might have in today’s evolving market!
