Buying a Home - Magazine - Page 8
What does this mean for you?
This increase in homes available for sale is
good news for buyers. If you’re ready to buy and
you’re having trouble finding a home, take
comfort in knowing that more options are
already coming to the market. The key is
sticking with your search, working with your
agent, and trusting the process.
While there are more homes on the market
today, NAR reports that inventory sits at a 2.6months’ supply at the current sales pace. For
there to be enough homes on the market to
meet buyer demand, that number would be 6.0
months of inventory – which is significantly
higher than where we are today.
Bottom Line
Even with the welcome rise in supply, it’s
still a highly competitive market. Be ready
to act immediately once you find the
right home for you. Then, let’s work
together so you can craft a strong offer
based on today's market conditions.
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