If you’ve been frustrated by the lack of homes for sale over the past few years, there’s good news: inventory is increasing, making this a great time to kick off your home search. 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, it’s particularly significant this year.
New Listings Are on the Rise
Over the past few months, the number of new listings has steadily risen:
More homeowners are putting their homes on the market each month, whether they’re moving up, downsizing, or relocating. Sellers who may have been hesitant in the past are now returning to the market, boosting inventory and creating better opportunities for buyers and move-up sellers alike.
Compared to last year, new listings in March were 10.2% higher — marking the biggest March for new listings since 2021:
For anyone waiting for more choices, this trend is great news — more homes on the market means a better chance of finding the right one. To stay ahead, work with a local real estate agent who knows your area.
Bottom Line
If you’re thinking about moving this spring, now may be the perfect time to explore your options. With more fresh listings coming to market, you could find a home you love waiting for you.
What features or neighborhoods are at the top of your wish list?
