Will We See More Homes Coming to the Market
May 13, 2022
If you are a potential buyer or have thought about buying a home in the last year and a half you know one of the major problems everyone faced was the lack of inventory or homes on the market to choose from. However I am here to tell you some good news! Based on what I have noticed in the last few weeks the super low home inventory issue may be starting to ease up some. Recent data from the National Association of Realtors NAR shows that there are more and more people listing their homes this season.
The latest data from Realtor.com even tells us that there has been a big increase in new listings to hit the market in the last four to five months. For example, according to their website there were about 326 thousand listings on Realtor.com in January across the US. As of the end of April, there are about 492 thousand listings currently on the market. It has steadily gone up each month which is most definitely a great sign for those looking to buy a home this year.
According to more research out there there are still many people getting things in order and ready to list their homes this spring and summer. So if you are in the market do not hesitate to jump into the process and contact me today! I can set you up with a lender that can get you the pre-approval amount that works for you and your family. One thing that remains the same in this market is homes are moving quickly once they hit the market so that is why it is so crucial to have your pre-approval. This will help you act fast and put in a strong offer once that home of your dreams hits the market.
To be honest homes are selling at a record fast pace off the market. From the time a home hits the market to the time it closes is decreasing each month so needless to say it is super important to be prepared and on top of your game in this market. What else does this mean for you as a potential buyer? Even though the inventory is currently not super high and you may have begun to get discouraged, don’t let that get you down and stop you from looking for your next home. More homes are coming to the market each month and the process is a quick one. Contact me today and we could have you in the home of your dreams in the next 30 days!
Bottom line, stick with your search, don’t give up on it, call me and let me get started working for you today! I want to be Your realtor!