Is It Easier To Find a Home To Buy Now?

<article class="post-987552 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-987552"><span class="entry-date">March 28, 2024</span><div class="entry-header center-block text-center"><h1 class="entry-title">Is It Easier To Find a Home To Buy Now?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Is+It+Easier+To+Find+a+Home+To+Buy+Now%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fis-it-easier-to-find-a-home-to-buy-now%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Is It Easier To Find a Home To Buy Now? Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20240328-Is-It-Easier-To-Find-a-Home-To-Buy-Now.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.</p>
<p><strong>The graph below uses the latest data from </strong><a href="https://www.realtor.com/research/data/" rel="noopener noreferrer" target="_blank"><strong><em>Realtor.com</em></strong></a><strong> to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):</strong></p>
<p><a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240326/20240328-Number-of-Homes-For-Sale.png" rel="noopener noreferrer" target="_blank"><img alt="a graph of a number of homes for sale" decoding="async" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240326/20240328-Number-of-Homes-For-Sale.png"/></a></p>
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<h4><strong>Does That Mean Finding a Home Is Easier?</strong></h4>
<p>The answer is yes, and no. As an article from <em>Realtor.com</em> <a href="https://www.realtor.com/news/trends/2024-spring-housing-market-predictions-home-buyers-sellers/" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“</em><strong><em>There were nearly 15% more homes for sale in February than a year earlier</em></strong><em> . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. </em><strong><em>However, the nation is still suffering from a housing shortage even with all of that new inventory.</em></strong><em>”</em></p></blockquote>
<p>Context is important. On the one hand, inventory is up over the past few years. That means you’ll likely have more options to choose from as you search for your <a href="https://www.simplifyingthemarket.com/2024/03/13/your-home-is-a-powerful-investment/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">next home</a>.</p>
<p>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 isn’t going to be reversed overnight.</p>
<h4><strong>What Does This Mean for You? </strong></h4>
<p>You might find a few more choices now than in recent years, but you shouldn’t expect a ton of options.</p>
<p>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 you <a href="https://www.simplifyingthemarket.com/2024/03/11/finding-your-perfect-home-in-a-fixer-upper/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">want to buy</a>. That’s because real estate is local. An experienced agent can share some <a href="https://www.simplifyingthemarket.com/2024/03/18/4-tips-to-make-your-strongest-offer-on-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">smart tips</a> they’ve used to help other <a href="https://www.simplifyingthemarket.com/2024/03/01/the-first-step-getting-pre-approved-for-a-mortgage-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buyers</a> in your area deal with ongoing low housing supply.</p>
<h3>Bottom Line</h3>
<p>If you’re thinking about <a href="https://www.simplifyingthemarket.com/2024/03/04/what-to-know-about-credit-scores-before-buying-a-home/" rel="noopener noreferrer" target="_blank">buying a home</a>, team up with a local <a href="https://www.simplifyingthemarket.com/2024/02/28/why-you-want-an-agents-advice-for-your-move/" rel="noopener noreferrer" target="_blank">real estate agent</a>. That way, you’ll be <a href="https://www.simplifyingthemarket.com/2024/03/15/the-latest-trends-in-housing-infographic/" rel="noopener noreferrer" target="_blank">up to date</a> on everything that could affect <a href="https://www.simplifyingthemarket.com/2024/02/26/the-truth-about-down-payments/" rel="noopener noreferrer" target="_blank">your move</a>, including how many homes are for sale right now.</p>
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