Is Now a Good Time to Buy? (What the Data Says)

If you're thinking about buying a home, you've probably heard mixed messages. Some say wait. Others say go now before rates rise again. The truth? The best time to buy depends on both market trends and your personal goals. Here's how to look at the data—and decide what's right for you.

📊 What the Housing Market Is Doing Right Now

Every real estate market is local, but across the board we’re seeing:

• Moderating home prices in many areas after years of rapid growth
• Fluctuating interest rates that impact affordability
• Low inventory keeping competition high in desirable neighborhoods
• Increased incentives from sellers who want to move quickly

💡 Tip: Don’t just ask, “Is the market up or down?” Ask, “What’s happening in the neighborhoods I want to live in?”

💰 Affordability Is About More Than Price

A $400,000 home today might cost more or less to own than a $350,000 home last year depending on:

• Interest rates
• Property taxes
• Homeowners insurance
• HOA fees
• Utility and maintenance costs

Use a mortgage calculator to compare monthly payments, not just list prices.

🧠 Why “Time in the Market” Beats Timing the Market

Waiting for prices or rates to drop might seem smart—but while you're waiting, rents rise, savings shrink, and you miss out on building equity.

If you’re planning to stay in your home for 5–7 years, historical trends show you’re likely to gain value over time—even if prices dip in the short term.

📈 Data Points to Watch

• Mortgage interest rates: Higher rates mean higher monthly payments, even if prices fall
• Inventory levels: More homes = more choice, less competition
• Median days on market: Shorter = hotter market; longer = more buyer leverage
• Price-to-income ratio: A good sign of local affordability

🤔 So... Is It a Good Time to Buy?

Yes, if:

• You’re financially stable and pre-approved
• You plan to stay in the home long enough to build equity
• You’ve found a property that fits your needs, not just your wants
• You’re prepared to negotiate smartly in today’s market

No, if:

• You’re counting on short-term profit
• You’re stretching your budget too thin
• Your employment or life situation is uncertain