If you pressed pause on your home search over the past few years, you're not alone and you're definitely not out of luck. In fact, now might be one of the best times to take another look. With more homes to choose from, prices stabilizing across many North Texas communities, and mortgage rates easing from recent highs, today’s market offers something buyers haven’t seen in a while: opportunity.
Affordability Is Finally Turning a Corner
After several years of rapid growth, home prices have started to balance out while mortgage rates are showing signs of relief. According to housing experts, this combination is improving affordability and opening doors for buyers who’ve been waiting for the right moment to jump in.
Lisa Sturtevant, Chief Economist at Bright MLS, explains it perfectly:
“Slower price growth coupled with a slight drop in mortgage rates will improve affordability and create a window for some buyers to get into the market.”
That’s great news for anyone who’s been watching and waiting. Whether you’re looking to buy your first home, upgrade to more space, or relocate closer to work, today’s conditions could make your next move more attainable.
More Homes on the Market Means More Choices
One of the biggest shifts we’re seeing is the increase in available homes. Realtor.com reports there are 17% more homes for sale than this time last year. That’s creating more balance — and less competition — in many neighborhoods.
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes:
“Homebuyers are in the best position in more than five years to find the right home and negotiate for a better price. Current inventory is at its highest since May 2020.”
Here in North Texas, that translates to real options. From McKinney to Frisco, Celina to Prosper, buyers now have the breathing room to explore different floor plans, neighborhoods, and amenities without the intense bidding wars of recent years.
Local Markets Tell Their Own Story
Every market moves at its own pace and North Texas is no exception. While national reports provide helpful perspective, what’s happening locally can vary by neighborhood, community, or even street.
Some areas are seeing inventory grow above pre-pandemic levels, while others remain competitive. That’s where having a trusted local expert by your side makes all the difference. Our team understands the unique dynamics of the North Texas market, from new master-planned communities and school zones to hidden gem neighborhoods that still offer great value.
Why Now Could Be Your Moment
If you stepped away from your search because things felt too competitive or too expensive, it might be time to take another look. With more homes available, sellers becoming more flexible, and affordability gradually improving, buyers finally have leverage again.
And if you’re not quite ready to make a move yet, that’s perfectly fine. Start by preparing for when the time is right. The Lonestar Living Team can help you understand current pricing trends, map out your budget, and keep an eye on homes that fit your goals, so you’re ready to act when the perfect opportunity comes along.
