Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors.

The other top reasons include buyers are waiting for mortgage rates to drop (18%) and buyers are waiting for prices to drop (9%), according to the survey, which was published on Thursday.

These are the same top three reasons buyers cited for not buying in the 2023 REALTORS details ⇒