Right Now Could Be the Best Time for Homebuyers in Over 5 Years

Rising home prices, a lack of inventory, and high mortgage rates have made purchasing a home difficult for many. However, according to housing market platform Realtor.com, right now may actually be the best time to buy a home in the past five years. This is partially due to the amount of housing options available to buyers. With more than 4.3 months of inventory on the market, buyers have the most homes to choose from since 2019. 

“This is the longest stint of four-plus months of supply in five years,” says Hannah Jones, Realtor.com® senior economic research analyst.

That’s a huge shift from the conditions buyers have faced recently. And while it’s true that the number of homes on the market is due in part to slower sales activity, there are plenty of fresh listings to choose from. Read more