It's no shocker that 70% of buyers hit the brakes on their home search last year. Perhaps you were among them. And that's totally understandable; the conditions just weren't very favorable.

There just weren’t enough homes available, prices were steep, and mortgage rates were fluctuating like crazy. It made finding a home that you truly loved and could afford quite a challenge. Plus, who wants to sell if you’re uncertain about your next move?

The market is changing, and it could be just about the right time to dive back in.

The Inventory Sweet Spot

More homeowners are getting back into the market this year. Builders are completing more houses, and that's giving you a wider range of choices for your next move—possibly even the home you've been hoping to find.

More homes mean more opportunities.

Selling your home isn't just about putting it on the market. You want to ensure you're not left struggling to find your next place after selling. At the same time, you don't want to deal with too much competition, which could delay the sale of your house. Fortunately, right now, you can enjoy a balanced situation that offers the best of both options.

This information gives you a clearer view of the market. Realtor.com reports that inventory has increased by 28.5% compared to last year, but it remains lower than pre-pandemic levels in most areas. Here’s why this is such an ideal situation (see graph below):

When you decide to move, you'll find plenty of homes to consider, but there won't be so many that selling your current house becomes difficult. If you partner with an agent to ensure your home is priced correctly and looks great, it should sell quickly.

More choices, less confusion. Strong demand: that’s where the real opportunity lies.

Here’s another point to think about. According to data from Realtor.com, inventory has been increasing for 17 consecutive months, and experts believe this trend will continue throughout the year. Lance Lambert, Co-Founder of ResiClub, sheds light on this situation.

““The fact that inventory is rising year-over-year . . . strongly suggests that national active housing inventory for sale is likely to end the year higher. ”
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— Lance Lambert, Co-Founder of ResiClub

Now might be the perfect moment to sell your home. Right now, your property could really catch buyers' attention compared to later on when more homes hit the market. If you wait too long, you risk blending in with many others trying to attract the same buyers as the year progresses.

Bottom Line

If you’ve been holding out for a sign from the housing market, it’s finally here. Whether you’re ready to upgrade, downsize, or make a move to a new area, the current balance in the market could be the best we’ve seen in quite some time.

What’s stopping you from making the most of this great opportunity? Let’s discuss it and figure out what’s possible.