Housing Market Sees Increase in Listings

The last couple of years have been challenging for anyone trying to buy a home due to the limited availability of houses. However, the situation is starting to improve.

This year, there are more homes available on the market. According to Realtor.com, the number of homes actively for sale in April 2024 was significantly higher than in the previous few years (2021-2023). Realtor.com notes:

“There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.”

But does this increase in inventory make house hunting easier? The answer is both yes and no.

Despite the recent growth in available homes, there are still significantly fewer options than there were in the last normal year for the housing market. This means that while you might find more choices now compared to the past few years, the selection may still be limited.

If you’ve been waiting to buy because you couldn’t find what you were looking for, now might be a better time to search, as there are more options available. However, it’s important to manage expectations and understand that the selection may not be vast.

To make the most of your house hunting experience, working with a local real estate agent you trust is essential. Real estate is all about location, and an experienced agent can provide valuable insights into the homes available in your desired area. As Bankrate advises:

“In today’s homebuying market, it’s more important than ever to find a real estate agent who really knows your local area — down to your specific neighborhood — and can help you successfully navigate its unique quirks.”

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