Seasonality Might Matter A Bit Less For Sellers Given Low Inventory Levels


Seasonality Might Matter A Bit Less For Sellers Given Low Inventory Levels
By Scott Rogers • October 26, 2020
If you had asked me a year or two ago whether it was a good idea for a homeowner to list a home in November (if they would be fine waiting until Spring) I would have said it wasn't necessarily a bad thing -- but it certainly also wasn't a surefire path towards success. In reflecting on this with a homeowner last week, though, we came to a different conclusion -- because inventory levels are SOOOO low! So, here's my revised November advice to would be home sellers... If you would rather sell now/soon instead of six months from now - and if you are in a segment of the market that is under supplied - then let's go ahead and get your house on the market! Looking at historical inventory levels... Three years ago there were 356 homes on the market. Two years ago, there were 317 homes on the market. One year ago, there were 269 homes on the market. Today... there are 162 homes on the market for sale! So, if you want to sell in the next six months, maybe we should be talking now about getting your house on the market in early November! 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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