Inventory is Rising: There’s an increase in available homes on the market. This shift provides more options for buyers, a welcome change after years of tight inventory.
More Choices for Buyers: With more homes available, buyers now have opportunities they haven’t seen in a while. This could be the perfect time for them to find their dream home.
Impact on Prices: While inventory is rising, it’s not yet at pre-pandemic levels, so prices remain relatively stable but with less pressure.
Context is Key: Rising inventory does not mean we’re heading for a market crash. We’re far from the oversupply that triggered the 2008 crisis. The market is moving towards healthier levels, offering more choices without overwhelming supply.
For Sellers:
Sellers need to price their homes right and ensure they are in good condition. With buyers gaining more negotiating power, it’s essential to be prepared.
New Construction Update:
New construction is on the rise, making up a significant portion of the market. However, there’s no risk of oversupply—Builders are simply catching up from years of underbuilding.
