Is Now the Time – Inventory Levels are Finally Favoring Buyers A Little

A report came out today – and this happens every year around this time – where inventory maxes out and then we see it start to trail off until the spring selling season when it goes back up. The interesting thing about what is happening right now: this peak is the highest peak of inventory that we’ve seen since before COVID.

Opportunity for Buyers

It’s creating an opportunity. The biggest complaint from the buyers that I’ve been working with over the last 4 – 5 years is that there is no inventory, competing over multiple offers, etc.

With the inventory levels where they are right now, you might have an opportunity to do a little negotiating and get yourself a deal.

It’s something to think about: the numbers are showing that inventory is going in the right direction and it’s the one thing that this market is needing right now.

It Will Level Off and Start Going Down

Again, remember that we always see inventory start to level off and start tapering. The numbers are showing that we are leveling off right now, so it’s likely to slow down. But, for now, it looks like it may be an interesting opportunity.

If you are a buyer and you’ve been sitting on the sidelines, it might not be a bad idea to get on the phone with your agent and get some searches set up. See if you can find a deal that is the right fit for your family.

If you need any help with the mortgage side of things, I am always here to help. Reach out to me any time.