I’ve been getting asked this question now more than ever: “Is now a good time to buy a house?” Many buyers have been waiting for the bottom of the real estate market to hit before getting off the fence to make that next real estate purchase. When it has been officially deemed a buyers market by all the national real estate associations—then yes, it’s a good time to buy. You just better hope you haven’t waited too late.

Could it be that the buyers market has begun to subside and we’re going to return to the “glory” days of yesteryear? Hopefully not. Having less than a 1 month’s supply of houses to serve a community of 1 million-plus, is not healthy. The good thing about the inventory (and this doesn’t include the new homes) is that it’s now going to take a while to eat up that inventory, which means buyers have a while now to choose from the homes they want and purchase with cheap money.

To find the perfect home, RE/MAX Properties REALTORS® Annette Smith is available to help you be an informed home buyer or home seller in today’s changing Sarasota real estate market.