More Homes, Slower Price Growth – What It Means for You as a Buyer

**More Homes for Sale: What This Means for You in Greater Cincinnati, Northern Kentucky, and Southeast Indiana**

If you’re considering buying or selling real estate, now might be the perfect time. The number of *homes for sale* has risen significantly, offering unique opportunities for buyers and sellers alike. Let’s explore two key reasons why this is a game changer for the housing market in *Greater Cincinnati, Northern Kentucky, and Southeast Indiana*.

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### **1. More Options to Choose From**

An article from Realtor.com highlights just how much the inventory of homes has grown:

> “There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.”

While inventory hasn’t fully returned to pre-pandemic levels, the increase in available homes is significant (see graph below).

As Hannah Jones, Senior Economic Research Analyst at Realtor.com, puts it:

> “Though still lower than pre-pandemic, burgeoning home supply means buyers have more options . . .”

For buyers, this translates to a better chance of finding a house that meets your needs without feeling rushed. With more options and less competition, it’s an excellent time to explore *homes for sale*.

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### **2. Slowing Home Price Growth**

Fewer bidding wars and increasing inventory are helping to slow the rapid rise in home prices. A larger selection of properties means buyers are no longer forced to compete as fiercely, which has a cooling effect on prices (see graph below).

In some areas, inventory levels have not only rebounded to pre-pandemic numbers but have even exceeded them. In these markets, home price growth has softened or, in some cases, stalled altogether. Lance Lambert, Co-Founder of ResiClub, notes:

> “Generally speaking, housing markets where active inventory has returned to pre-pandemic 2019 levels have seen home price growth soften or even decline outright from their 2022 peak.”

This slower growth creates opportunities for buyers to find a home that fits their budget. Dr. Anju Vajja, Deputy Director at the Federal Housing Finance Agency (FHFA), adds:

> “For the third consecutive month, U.S. house prices showed little movement . . . relatively flat house prices may improve housing affordability.”

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### **Why Work With a Local Real Estate Expert?**

While these trends are promising, inventory levels and prices can vary significantly by market. Having a local real estate agent who understands the nuances of the *Greater Cincinnati, Northern Kentucky, and Southeast Indiana* markets is essential. They can provide personalized guidance to help you navigate this dynamic market, whether you’re looking to buy your dream home or wondering, “How can I *sell my house* quickly and efficiently?”

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### **Bottom Line**

The growing number of *homes for sale* and slower price growth offer exciting possibilities for both buyers and sellers. If you’re ready to make a move, contact a trusted real estate professional to discuss your options. Whether you’re in *Greater Cincinnati, Northern Kentucky, or Southeast Indiana*, now’s the time to take advantage of this evolving market.

**Let’s make your real estate journey a success!**