There's no getting around it; now is a tough time to be a buyer. With scarce active listings and median home prices creeping up, it may seem like a tough time to buy a home. Here are a few things you can do to remain competitive in this market:

First and foremost, know your budget. This way you can make informed decisions before putting in an offer. Knowing your budget allows you to narrow your search and focus energy on homes within your price range.

Compile a list of must haves and deal-breakers. If you know you are looking for a 2+ bath home, referencing this list will keep you from making offers on a home that may not actually suit your needs.

Get pre-approved to borrow. This shows the seller that you are serious about purchasing their house and can fast track your offer.

Build a team of trusted professionals. You'll have a better chance at landing your dream home when working with experienced leaders in the industry.