ARNS.Co

Good news on the way for buyers:⁠
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According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. ⁠
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That’s largely because the inventory of homes for sale is so low today.⁠
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But there is good news...⁠
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Recent data shows more sellers are listing their houses this season, which may give your buyers more options for their home search.⁠

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. ⁠
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The window of opportunity for your potential sellers to list their houses hasn’t closed. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. ⁠
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This means that conditions continue to favor sellers today. ⁠

The number of homes for sale across the country is growing, and that means more options for those thinking about buying a home. ⁠
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This graph outlines new monthly listings compared to last year. As shown, for the past three months, more people have put their homes on the market than the previous year. ⁠
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This means that if your buyers tried to purchase a home last year and were outbid or out priced, now may be their opportunity. ⁠

There is one major question circulating in the real estate industry right now...⁠
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Will home prices fall this year?⁠
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However, experts say the housing market isn’t set up for a price decline due to that ongoing imbalance between supply and demand.⁠