Rising Inventory Means This Spring Could Be Your Moment

Rising Inventory Means This Spring Could Be Your Moment

Two Reasons This Spring Could Be Your Time To Buy

Inventory has increased, and sellers may be more open to negotiating. That gives you more options and leverage than buyers have had in years. Here’s why:

1. More Homes To Choose From

February’s housing inventory was higher than any of the past five Februarys—a big win for your home search. Data from Realtor.com shows the supply of homes has risen by 27.5% over the past year:

More choices mean a better home search—and experts predict inventory will keep rising this year, making it easier to find a home that meets your needs. But the benefits go beyond more options. Danielle Hale, Chief Economist at Realtor.com, explains some additional advantages of increased inventory:

“Buyers will not only have more home options . . . but they are also likely to find somewhat lower asking prices and more time to make decisions – all buyer-friendly factors as we inch closer to the busy homebuying season.”

2. Sellers May Be Cutting Prices

With more options available, some homes—especially those initially priced too high—are staying on the market longer. As a result, more sellers are reducing their prices to attract buyers.

Data from Realtor.com shows that price reductions have increased compared to recent years:

This shows that sellers are more open to compromise. Price cuts today are closer to the levels seen in more typical market years (2017–2019), which is encouraging for buyers.

What This Means for You

You may have more room to negotiate on price, closing costs, or repairs. While not every seller will lower their price, more are willing to—giving buyers more leverage than they’ve had in years.

Bottom Line

If you’ve been waiting for the right time to buy, this spring could be your chance.

Every market is different, and a local expert can help you explore your options. If you’d like to discuss what’s happening locally or start your home search, let’s connect.

How does rising inventory affect your homebuying plans?