One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But thats starting to change.

The graph below uses the latest data fromRealtor.comto show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):

Does That Mean Finding a Home Is Easier?

The answer is yes, and no. As an article fromRealtor.comsays:

There were nearly 15% more homes for sale in February than a year earlier. . . That alone could jolt the housing market a bit if more For Sale signs continue to appear.However, the nation is still suffering from a housing shortage even with all of that new inventory.

Context is important. On the one hand, inventory is up over the past few years. That means youll likely have more options to choose from as you search for yournext home.

But, at the same time, the graph above also shows there are still significantly fewer homes for sale than there would usually be in a more normal, pre-pandemic market. And that deficit isnt going to be reversed overnight.

What Does This Mean for You?

You might find a few more choices now than in recent years, but you shouldnt expect a ton of options.

To help you explore the growing list of choices you have now, team up with a local real estate agent you trust. They can really help you understand the inventory situation where youwant to buy. Thats because real estate is local. An experienced agent can share somesmart tipstheyve used to help otherbuyersin your area deal with ongoing low housing supply.

Bottom Line

If youre thinking aboutbuying a home, team up with me, Marie McLaughlin 727-858-7569. That way, youll beup to dateon everything that could affectyour move, including how many homes are for sale right now.

Source:https://www.keepingcurrentmatters.com/2024/03/28/is-it-easier-to-find-a-home-to-buy-now/