Thought the Market Passed You By? Think Again.

Thought the Market Passed You By? Take Another Look.

If you paused your home search in recent years, you’re far from alone — and you’re definitely not out of options. In fact, now could be the perfect time to revisit the market. With more homes available, prices stabilizing in many areas, and mortgage rates easing, today’s market is offering buyers something rare lately: choice.

Buyers Are in a Stronger Position

Experts agree that buyers have a meaningful advantage right now. Lisa Sturtevant, Chief Economist at Bright MLS, notes that improving affordability is creating new opportunities:

“Slower price growth and slightly lower mortgage rates are opening the door for some buyers to re-enter the market.”

Mortgage rates have softened from their recent peaks, and price increases have slowed down — a combination making homes more affordable than we’ve seen in months.

More Homes Are Available

One key reason prices are moderating is the uptick in available homes. Realtor.com reports there are about 17% more homes for sale today compared to this time last year. More options mean less competition and a better chance to find a home that truly meets your needs.

Lawrence Yun, Chief Economist at the National Association of Realtors, emphasizes:

“Buyers haven’t been in a better position in over five years to find the right home and negotiate a favorable price. Inventory is at its highest point since May 2020 during the COVID lockdown.”

Inventory gains are happening nationwide, although some regions show stronger recoveries than others. The South and West have surpassed pre-pandemic levels, while supply in the Northeast and Midwest remains tighter — but still improved compared to last year.

What This Means for You Locally

While national trends are promising, local markets can differ significantly. That’s why partnering with a knowledgeable agent is crucial — to understand how these shifts impact your neighborhood. Overall though, with more homes to choose from and fewer competing buyers, sellers are often more willing to negotiate, giving you greater leverage.

If recent market conditions made you feel priced out, overwhelmed, or uncertain, now might be the ideal time to revisit your home search. And if you're not ready to jump in just yet, planning ahead with a trusted real estate professional can prepare you for success when the right opportunity appears.

Bottom Line

Curious about what’s happening in the local market right now? Let’s connect so you can get a personalized update on available homes and how to position yourself for a confident purchase when the time is right for you.

This isn’t the market of 2021 or even 2023 — it’s a new landscape, full of possibilities you might not expect.