Should You Buy a Home Now or Wait? Here’s What to Consider.
Thinking about buying a home but wondering if now is the right time? It’s a big decision, and there’s a lot to factor in—what’s happening in the market, how your needs are evolving, and what makes sense for your financial future. But one thing’s for sure: Trying to time the market perfectly isn’t a winning strategy. There are simply too many moving parts to predict the exact right moment to buy.
That’s why experts say time in the market is better than timing the market.
If you’re ready to buy and can comfortably afford it, the sooner you get in, the sooner you start building equity. As Bankrate explains:
“No matter which way the real estate market is leaning, though, buying now means you can start building equity immediately.”
What That Means for Savannah Buyers
Savannah’s real estate market has remained strong, driven by steady job growth, a thriving port economy, and a constant demand for housing in one of the most desirable coastal cities in the Southeast. While home price appreciation is slowing to more normal levels, the latest projections from Fannie Mae’s Home Price Expectations Survey (HPES)show that prices are still expected to rise through at least 2029.
Let’s put that into perspective:
If you buy a $400,000 home in early 2025, based on expert forecasts, you could gain over $83,000 in household wealth over the next five years. That’s equity you’re building instead of handing to a landlord.
Meanwhile, rents in Savannah continue to climb. From the Historic District to Pooler and beyond, rental prices have steadily increased, meaning waiting could cost you in the long run—not just in rent, but in missed appreciation.
Making Homeownership Possible
Yes, today’s market has its challenges, but there are ways to make homeownership happen. Whether it’s exploring more affordable neighborhoods, considering a condo or townhome, or taking advantage of local and state down payment assistance programs, there are options to help you get in the game.
So, can you wait? Sure. But if you’re waiting solely to "time the market," you’re missing out on long-term gains. The decision is yours—but if you’re thinking about making a move, let’s talk about your options and put together a plan that makes sense for you.
Bottom Line
If you’re on the fence about buying, remember: Time in the market matters more than timing the market. Let’s connect and explore what’s possible for you today.