The housing market is moving away from the frenzy of the past year, and it’s opening doors for you if you are thinking of buying a home.
- There are fewer multiple-offer scenarios; June 2022 found 3.4 offers compared to April 2022’s 5.5 offers. As buyer demand moderates, the intensity of bidding wars appears to be easing.
- Not as many homes are selling above asking price – April 2022 had 61%; June 2022 had 51%. Fewer buyers are bidding over asking price, yet it’s still a competitive market.
- The supply of homes for sale is growing. Housing inventory is increasing, which means there are more options for your home search.
If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start your homebuying process today.
Photo by Gus Ruballo on Unsplash
