Get Ready: Lots Of Homes Will Be Coming On The Market Soon, Soon, Soon


Get Ready: Lots Of Homes Will Be Coming On The Market Soon, Soon, Soon
By Scott Rogers • February 11, 2010
Or will they?? It's interesting, because most people assume that a LOT of sellers will be putting their homes on the market as we move into the spring and summer months. That is to some extent true --- look at the last two years of inventory levels (below) and you'll note that there are certainly more homes on the market between April and September than any other time of the year. But wait --- the variation isn't actually very significant. The low inventory level has hovered around 800 for the past year, and the high around 940. While the spring/summer inventory levels are 17.5% higher than the fall/winter levels, here's how it translates into a buyer's perspective: If there were 8 homes that were of potential interest in December, there will likely only be 9 (or maybe 10) of interest in June. If there were 16 homes that were of potential interest in December, there will likely only be 19 of interest in June. The main take-away here is that buyers ought not hold out for those prime spring and summer months thinking they'll have extraordinarily more options than exist today (or yesterday) in the market. Furthermore, sellers ought not be overly concerned that they'll have dramatically more competition in the spring/summer months because of sky high inventory levels. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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