08/23/2024
π‘When you have a "feeling" its a good time to fact check. I did that, and found my feeling wasn't lying to me.
Home sales are down compared to a year ago, but houses FOR sale are up.
What does this mean? π€
While its not necessarily enough inventory to call it a "buyers market", it is telling a story about increased options for anyone looking to buy a home. π π π π
Affordability continues to be a top concern for many first time home buyers. There is a surprising amount of creative solutions that can make homeownership more affordable.
Reach out to me if you want to learn more or know someone who is looking but concerned about financials. I work with so many awesome people in this business, it astounds me how much opportunity there is for a first time home buyer right now. In the mean time...
Check out Closed Sales vs Homes for sale graphics below!
Note: As a (somewhat newer) Realtor who has been doing this business full time since I started, I find it validating. The market has been tough for buyers for a while now with increased rates, rising home prices, and inflation, which makes a good Realtor work harder to find better solutions for our clients.