Will Inventory Levels (of resale homes) Increase At All This Spring?


Will Inventory Levels (of resale homes) Increase At All This Spring?
By Scott Rogers • April 1, 2022
Many homeowners thinking about selling their homes this spring are considering selling sooner rather than later... because of the super low inventory levels right now. There are certainly houses on the market for sale, but many are new builds, and thus if a buyer wants to go ahead and buy and be able to move into their home, they are likely trying to do so with very few houses from which to choose. The logic of listing your home sooner rather than later is something along the lines of.... List Now = zero (or very little) competition from other sellers List Later = likely more competition from other sellers I totally agree with this logic, and listing sooner rather than later makes a lot of sense, though I also am not 100% sure we'll ever get to the point this spring or summer where you will be listing your home for sale amongst much competition from other sellers. After all, if eager buyers keep snapping up each new listing as it hits the market, the collective inventory of competing listings will never grow. So, yes, my first recommendation is to list your home sooner rather than later -- though it will probably work out just fine to list a bit later as well. P.S. Buyers -- sorry there are so few options for you!!! :-/ 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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