Are More Homes Coming onto the Market?

The current real estate market is significantly influenced by the number of homes available for sale. If you're contemplating whether or not to put your house on the market, this presents a substantial advantage for you at this moment. In a market with such limited housing inventory, your property will undoubtedly stand out, especially if it's priced appropriately.

However, there are early indications that more listings are on the horizon. Recent data reveals an upswing in new listings, representing homeowners who have recently decided to sell their properties. Let's delve into why this development is noteworthy and what it might mean for you.

A Surge in Housing Listings

Traditionally, the busiest period in the housing market is the spring buying season, characterized by a predictable increase in newly listed homes during the first half of the year. Sellers eagerly prepare for these months, anticipating heightened buyer activity. As the school year commences and the holiday season approaches, the market tends to cool off, which is entirely expected.

Nevertheless, here's the intriguing twist: based on the latest data from Realtor.com, there's been a surge in homeowners listing their properties later in the year than usual. This late-year peak is atypical, as illustrated by the graph below, which juxtaposes the regular seasonal trend with the unexpected August spike:

As Realtor.com aptly puts it, "While inventory continues to be in short supply, August witnessed an unusual uptick in newly listed homes compared to July, hopefully signaling a return in seller activity heading toward the fall season . . ."

While this data spans only a single month, its peculiarity merits attention. Although it's still too early to definitively predict if this trend will persist, it's crucial to remain vigilant and stay informed.

What This Implies for You

If you've been contemplating selling your home but have been procrastinating, now might be the ideal time to make your move. This is because, if the trend continues, waiting will only introduce more competition into the market. If your neighbor decides to list their property as well, you may find yourself competing for the attention of potential buyers. By selling now, you can seize the opportunity before your neighbors do.

Even with an increasing number of homes hitting the market, it's essential to recognize that the housing supply is still significantly below normal levels. This inventory shortage won't be resolved overnight, as depicted in the graph below:

In Conclusion

Despite the ongoing scarcity of inventory, it's not advisable to wait for more competition to emerge in your neighborhood. Presently, you still have a fantastic opportunity to sell your house. I invite you to connect with us to explore the numerous advantages of selling your property today, before an influx of new listings saturates the market. Don't miss out on this advantageous window of opportunity.