Keeping Current Matters April 8, 2025
Buyer
If you’ve been frustrated by the lack of homes for sale over the past few years, here’s some good news. You have more options, so it may finally be time to kick off your home search again. As Daryl Fairweather, Chief Economist at Redfin, explains:
“Now is the best time to buy in the last two years. Mortgage rates are comparable to what they were two years ago, and prices remain high. However, there is significantly more inventory . . .”
The number of homes for sale has grown compared to last year, and even more options are on the way. While this is typical for the busy spring season, here’s why this is so important right now.
Homeowners are listing their houses at the highest pace we’ve seen in a while.
Over the past few months, the number of new listings, or homes that have recently been put on the market for sale, has been steadily rising (see graph below):
Basically, more people are putting their homes on the market each month – whether they’re moving up, downsizing, or relocating. And this trend is a positive sign for the housing market.
Sellers who may have been on the fence the past few years are starting to jump back in. That’s helping to boost overall inventory and create better opportunities for both buyers and move-up sellers alike.
But it’s not just that the number of fresh options is up month-over-month; there’s also been a jump compared to last year.
According to Realtor.com, new listings in March were 10.2% higher than last year, making it the biggest March for new listings since 2021 (see graph below):
For anyone who’s been waiting for more choices, this is exactly what you’ve been hoping for – because more homes coming onto the market means more options and a better shot at finding one that fits your needs.
To make sure you don't miss out on any of the latest listings for your area, lean on a local real estate agent.
If you're thinking about making a move this spring, now may be the time to start exploring your options. With more fresh listings hitting the market, you may find a home you love waiting for you.
What features or neighborhoods are at the top of your wish list?
Stay up to date on the latest real estate trends.
Buyer
May 14, 2025
Especially in areas where inventory is rising, both homebuilders and sellers are sweetening the deal for buyers with things like paid closing costs, mortgage rate buy-… Read more
Lifestyle
May 14, 2025
Carbohydrates have a complicated reputation. On one hand, they’re our body’s main source of energy, powering our brains and bodies to get through the workday or a work… Read more
Buyer
May 13, 2025
A pair of newly published data reports offer strikingly different views of the rental housing market, with one report stating rents are going down and the other claimi… Read more
Seller
May 13, 2025
Whether you’re planning to move soon or not, it’s smart to be strategic about which home projects you take on.
Buyer
May 13, 2025
Once your offer is accepted, an inspector will assess the condition of the house, including things like the roof, foundation, plumbing, and more.
Buyer
May 11, 2025
The 30-year fixed rate mortgage averaged 6.76% as of May 8, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today