After a long stretch where buyers were competing for too few homes, inventory has made a comeback over the past year. And depending on where you live, that’s opening up your options in a meaningful way.
According to Realtor.com, the number of homes available for sale in January was the
And that changes your home search in a good way. As Hannah Jones, Senior Economic Research Analyst at Realtor.com, puts it:
“. . . housing market conditions are gradually rebalancing after several years of extreme seller advantage. Buyers are beginning to see more options and modest negotiating power as inventory improves . . .”
In other words, the market is starting to work with buyers again — not against them.
Bottom Line
Inventory isn’t fully back to normal everywhere. But it’s moving in the right direction. And, in some areas, it’s already there.
If you’ve been waiting for a moment when you have options and a little breathing room, this is the strongest setup buyers have seen in a long time.
If you want to know what’s happening in your local market, talk to an agent.
