Buyer Bright Spot: More Homes Are on the Market!

by Ernest Van Glahn

 

Over the past few years, homebuyers have faced significant challenges, from rising home prices to increasing mortgage rates. But there's finally some good news—more homes are hitting the market, giving buyers better opportunities to find their dream homes within budget! šŸ™Œ

22% More Existing Homes for Sale

According to Realtor.com, the number of existing homes for sale has surged by 22% in 2024! This increase means more choices for buyers, making it easier to find a home that fits their needs and preferences. With greater availability, competition among buyers is easing slightly, allowing for a more balanced market. šŸ“ˆšŸ 

More Newly Built Homes on the Market

New construction is also on the rise! In fact, 1 in 3 homes on the market today is newly built. Many builders are now focusing on constructing smaller, more affordable homes, which can often be priced competitively with pre-owned homes. This shift presents a fantastic opportunity for buyers who are looking for modern features, energy efficiency, and minimal maintenance costs. šŸ”‘šŸ”

What This Means for You

If you’ve been on the fence about buying a home, now is a great time to start exploring your options. With more inventory available, you have a better chance of finding a home that checks all your boxes. Whether you're considering a pre-owned home or a brand-new build, there are more opportunities than before.

Next Steps: Reach out to a trusted real estate agent to discuss your goals, budget, and preferred neighborhoods. They can help you navigate this improving market and secure a home that meets your needs. šŸ“²šŸ’¬

Don’t miss out on this window of opportunity—your perfect home may be waiting for you right now!

 

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