Thinking about buying a home this spring? Here are two big reasons why it could be the perfect time: inventory is up, and sellers might be more open to negotiating. That means more choices and more leverage for you—something buyers haven’t had in years. Let’s dive in!

1. More Homes, More Choices

This February had more homes on the market than any February in the past five years—great news if you're house hunting! Check out the graph below, based on the latest data from Realtor.com, showing a 27.5% increase in available homes compared to last year.

Having more options in your home search is definitely a win—and the good news is, experts predict inventory will keep growing this year. That means finding a home that checks all your boxes could get even easier. But that’s not the only benefit! Danielle Hale, Chief Economist at Realtor.com, shares why having more homes on the market works in your favor beyond just giving you more choices:

“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 More Open to Price Drops

With more homes on the market, some listings are sticking around a bit longer—especially those that started off overpriced. As a result, more sellers are lowering their prices to attract buyers. Just check out the numbers!

Realtor.com reports that more sellers are cutting their prices compared to the past few years—just take a look at the graph below!

This shows that sellers are more open to negotiating right now. If you compare it to more typical market years (2017–2019), today’s price cuts are actually much closer to the norm—and that’s great news for buyers!

So, what does this mean for you? It gives you a better shot at negotiating—whether it’s on price, closing costs, or even repairs. While not every seller will budge, more are open to making deals, giving you more leverage than buyers have had in a long time!

Bottom Line

If you’ve been holding off on buying, this spring might just be the opportunity you’ve been waiting for!

Every market is unique, and having a local expert on your side can make all the difference. If you’re curious about what’s happening in our area or ready to start your home search, let’s chat!

How does the increase in available homes affect your home search?