|Overall Advice – If you are selling and buying at the same time – then these influxes matter less as your relative sale/purchase price will follow the market, however for those who are FIRST TIME Home Buyers our recommendation is to be “aggressively patient”. (Let me explain! LOL!).
I would advise to work with your Realtor to be receiving new listings sent to you daily, and be prepared to move on the first home that you are really interested in – and be in a position where you can write a serious competitive offer! And on the same token – I would be picky in the sense that if you are still in a very low inventory neighbourhood – be patient to wait for the increase of inventory which we will undoubtedly see…while prices may not cool, having more options at leasts ensures you’ll be able to find a better home you love!