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Should You Wait To Buy Your Dream Home Until Prices Drop?

If you are planning to buy the home of your dreams, one of the questions you probably ask is if you should buy now or if you should wait until home prices drop. 

Should you wait to buy your dream home until prices go down?

Ryan Haley, broker and owner of Atlantic Shores Sotheby’s International Realty, hears that question from time to time and wants to address it in this video. 

We currently have a severe lack of housing market inventory, according to Ryan. That is why when we look at residential rentals, lease sale properties as well as new home construction, there is just not enough supply. 

In general, the population growth is far outpacing the supply of houses in the market. 

Are we going to see an overnight increase in housing inventory to make prices dip? 

Based on the numbers, the trend is not going towards a market drop. In fact, Ryan feels that we are going to continue to see this home price increase in the near future. 

In short, if you wait for prices to go down, you could be waiting for a considerable amount of time. 

For any of your real estate concerns, please do not hesitate to give a call, and we’ll be happy to answer all your questions. Message us, email us, or call us at 410.524.0919. 

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