The Housing Market Is Becoming More Balanced – Great News for Home Buyers 🏡

The housing market is shifting, giving home buyers more opportunities than we’ve seen in years. A rising number of homes for sale has slowed down price growth, creating better conditions for anyone looking to buy a home.

According to the National Association of Realtors, sales of existing homes rose 2% in July, with gains in the Northeast, South, and West. Lawrence Yun, NAR’s chief economist, says buyers are in the best position in over five years to find the right home and negotiate a better deal.

Why? ✅ More inventory – the highest since May 2020 with a 4.6-month supply of homes. ✅ Improved affordability – wages are growing faster than home prices. ✅ Better choices – more listings give buyers room to shop and compare.

A balanced real estate market means it’s a smart time for buyers to act. If you’re thinking about purchasing your next home, now may be your chance to lock in the right property at the right price.