Want to know two reasons this spring might finally be your time to buy? Inventory has grown, and sellers may be more willing to negotiate as a result. That means you’ve got more options and more power than buyers have had in years. Let’s break it down.
1. You Have More Homes To Choose From
The number of homes for sale this February was higher than it’s been in any of the past five Februarys – and that’s great news for your home search. Recent data from Realtor.com shows that the supply of homes on the market has grown by 27.5% in just the last year.
2. You May Find Sellers Are Doing Price Cuts
Now that buyers have more options, some homes are sitting on the market a little longer – especially those that were priced too high from the start. As a result, more sellers are having to drop their prices to draw buyers back in.
What does that mean for you? It could give you a better chance to negotiate – whether that’s on price, closing costs, or even repairs. While not every seller will adjust their price, more of them are willing to do it – giving you more leverage than buyers have had in quite a while.
Bottom Line
If you’ve been on the sidelines, waiting for the right time to buy, this spring could be the opening you’ve been hoping for.
Of course, every market is different, and working with a local expert can help you navigate your options. If you want to talk about what’s happening in your area or get started on your home search, connect with The Audra O’Neal Team.
How does today’s rising inventory impact your homebuying plans?
