To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text HomeswithJustin to 85377.
There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up.
There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):
As Realtor.com explains:
“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”
But does this growing inventory make house hunting easier? Yes and no.
Using the latest weekly data from Calculated Risk, the graph below shows, that even with the growth lately, there are still way fewer homes for sale than there were in the last normal year in the housing market:
What Does This Mean for You?
If you’ve been looking to buy but put your plans on hold because you just couldn’t find what you were searching for, you might see more options now than you did over the past few years – but don’t expect a huge selection.
To check out your growing options, it’s a good idea to work with a local real estate agent you trust. Real estate is all about location. And an agent can help you get the scoop on the homes available in the area you’re interested in. Bankrate explains:
“In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.”
Bottom Line
Team up with me so I can keep you in the loop on everything that might impact your move, like how many homes are up for sale right now. My direct number is 917-254-2103.
Adjustable-rate mortgages (ARMs) have been growing in popularity in recent years, especially as interest rates have risen. ARMs offer lower introductory interest rates than fixed-rate mortgages, which can make them more affordable for borrowers in th
Understanding Your True Housing Options in the Bronx Market If you are thinking about making a residential move this year you deserve an honest view of the real estate market. Navigating local property listings can feel overwhelming when daily headli
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home or home buying/down payment assistance guide, use this link: https://bit.ly/45URvuV or text HomeswithJustin to 85377. If you’
Adjustable-rate mortgages (ARMs) have been growing in popularity in recent years, especially as interest rates have risen. ARMs offer lower introductory interest rates than fixed-rate mortgages, which can make them more affordable for borrowers in th
Understanding Your True Housing Options in the Bronx Market If you are thinking about making a residential move this year you deserve an honest view of the real estate market. Navigating local property listings can feel overwhelming when daily headli