Inventory Levels Headed Down For The Winter


Inventory Levels Headed Down For The Winter
By Scott Rogers • August 11, 2015
Wait... what?? Inventory levels are headed down... for the winter?? Yep, in some ways, we're already in that seasonal decline. Inventory levels have declined over the past 60 days, and are likely to continue to decline from now until next March based on seasonal trajectories of past years. Furthermore, there is an 8.6% year-over-year decline in inventory levels, further limiting the number of homes that are on the market. BUYERS: If you want to buy a home in the next three to six months, you likely have more options now than you will have in a month, and in another month, and the next after that. SELLERS: While we'll see fewer buyers in the Fall (and then the Winter) those buyers will have fewer and fewer buying options since inventory levels are declining. As such, the declining inventory levels work to your benefit -- giving you fewer sellers to compete with. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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 22, 2024 (unless otherwise noted).
Comments (0) or Subscribe