The housing supply is rising! What does that mean for buyers? More inventory equals more options. We are still not close to a balanced market; however, we are starting to see an uptick in new housing inventory coming to the market. The new available housing inventory will allow buyers to keep the buying process moving forward. Now is the time to buy as mortgage rates are beginning to increase, which will make purchasing a home less affordable as time passes.

What does the supply change mean for sellers? It is still the best time to sell. If you have been putting off selling your house, you shouldn’t wait too much longer. It is still very much a sellers’ market. Selling your home this summer will give you the opportunity to get ahead of the competition and maximize your sales potential before more homes go up for sale.

More housing inventory means more options for buyers and more competition for sellers. Whether you are looking to buy or sell, we would love to help! Call or email our office today to discuss your options and why it is still the best time to make a move.

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