The answer is: It depends.

In this area, prices are not going to go down. While they may stabilize as the market becomes less competitive, price appreciation will continue. 

Clients who bought last year say “thank goodness I bought when I did.” Clients who bought the year before that say “thank goodness I bought when I did.” And so on, and so on. 

So the question really is, are YOU ready to buy? Are your finances in order? Do you have a cushion saved for a down payment & closing costs? Is your debt paid down? Is your credit score solid? Are you ready to invest in a bigger future?

If your answer is yes to all of the above, then we can and should navigate any market to meet your needs. 

Even in a hyper-seller’s market like we’ve seen – the sooner you throw your hat in the ring, the sooner you can start building equity. Whereas the longer you wait for an “ideal” market, the more you’re going to be priced out of homes you could once afford.

If you’re looking for the steps to prep for buying a home, check out my free Buyer’s Guide!

This content is not the product of the National Association of REALTORSĀ®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.