The number of homes that are up for grabs is gradually increasing, so If you’re mulling over whether to put that ‘For Sale‘ sign up, now might be the sign that you were looking for. With so few houses on the market right now and while the competition is still manageable, yours can truly shine—especially with the right price tag.
And hey, a little birdie told us that we might be seeing more homes listed soon. The latest buzz shows an uptick in new listings. We know we all heard the news and rumors before that the home inventory in the market is quite scarce right now, but will we see a sudden increase? Let’s dive into why this is a big deal and what it could mean for folks like you.
Increase in the Housing Market
We all know spring is the bustling season for real estate. Every year, it’s like clockwork time and time again: come early in the year, sellers list their homes, hoping to catch buyers during their most active phase. And by the time back-to-school rolls around and the holiday vibes start to brew, the market usually chills out a bit. That’s just the ebb and flow we’re all used to.
But here’s where the plot thickens: this year seems to be breaking the mold, according to fresh stats from Realtor.com. Interestingly, more homeowners are choosing to list their properties much later in the calendar year than we’re used to seeing. A surge in listings this late? That’s practically unheard of! If you take a look at the graph below, you’ll see the typical ebb and flow of seasonal listings. But then, boom—there’s August, sticking out like a total anomaly!
Realtor.com sheds some light, mentioning:
“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 . . .”
Now, we’re only looking at a month’s worth of data here, so let’s not get ahead of ourselves. However, it’s certainly piquing our curiosity, isn’t it? Trends have to start somewhere, and this could be an early indicator of what’s to come. So, let’s not take our eyes off the ball—let’s stay vigilant and keep tracking how things evolve, shall we?
What Does an Increase in the Housing Market Mean For You
Are you thinking of selling your home but have been on the fence? Right now might just be the golden moment you’ve been waiting for. Why? As more homes pop up for sale, waiting could mean more and more competition for you. Imagine your next-door neighbor lists their house – suddenly, you’re competing for the same buyers! Jump in now, and you’ve got the home-court advantage.
And here’s a tidbit to ponder over your morning coffee: While you might spot a few more ‘For Sale’ signs popping up in your neighborhood and sense a slight increase in the housing market activity, we’re not exactly in what you’d call a ‘balanced’ market just yet. It’s important to remember that there’s still a shortage of available homes, and this isn’t something that’s going to change overnight. Even with new construction in the works and sellers gradually re-entering the market, we’re still in a situation where demand outpaces supply, causing a ripple effect that impacts everything from home prices to how quickly properties are snatched off the market.
While the neighborhood may seem pretty stable at the moment with only a few ‘For Sale’ signs dotting the lawns, sitting on the fence could soon change that landscape. You might find yourself in a sea of sellers as more neighbors decide it’s time to move and see an increase in your competition. So, why not strike while the iron’s hot? Listing your home in today’s market could turn out to be a game-changing decision, offering you a distinct advantage. Isn’t it worth taking that calculated risk for a potentially big payoff?
Feel free to contact the McT Real Estate Group so we can dive deep into the perks of making your move before everyone else does.