Though there are more homes for sale now than there were at this time last year, there's still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:
"While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago."
The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what's a necessity versus what's a nice-to-have will be more successful in their home search.
Finally, once you've created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.
Prioritizing what you need in a home is a critical first step the buying process. If you're ready to find the one that's best for you, contact us, Henry Team 804-655-1060.
Integrity is doing the right thing,
even when no one else knows.
Buyer's Agent, Listing Agent, Relocation, Foreclosure
Chesterfield, Richmond, Moseley, Prince George, Colonial Heights, Chester, and surrounding area in Virginia.