Are There More Homes Coming to the Market?
If you’re looking to buy a home, you may have noticed the active inventory of homes have been very low. But there is good news! Recent data shows more sellers are listing their houses this season, which may give you more options- for your home search.
Early Signs Inventory May Be Growing
The latest data from realtor.com shows the number of “new listings” coming onto the market,-has increased since the start of the year.
This indicates more sellers are listing their homes for sale each month this year. And according to realtor.com:
“. . . markets may see a noticeable bump in the number of homes for sale as we move through spring and into summer. A majority of homeowners planning to sell this year indicated that they aim to list in the next six months, with almost 10% having already placed their properties on the market.”
Homes Are Still Selling Quickly
While new listings are increasing, it’s important to know they’re also selling quickly. The time on market has decreased month-over-month. That means homes are selling even faster than they did the previous month.
What That Means for You
If you've had a hard time finding a home that fits your needs, there is hope. The growing number of new listings and the expectation more sellers will list their homes in the coming months is great news. Just remember, those new listings are going fast! You’ll want to stay ready to act if you find a home you love this season.
Your agent can help you stay on top of the latest listings in your area so you can find the right home for you and submit your strongest offer as quickly as possible.
Bottom Line
If you’ve been having a hard time finding your dream home, stick with your search. More options are coming to market and your ideal home could be one of them. If you want to stay up to date on the latest listings in our market, let’s connect, so you can be ready to move fast when you find the home that’s right for you.