Market Watch: Are More Homes Entering the Market?

An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right.

But there are some early signs that more listings are coming. According to the latest data, new listings (homeowners who just put their house up for sale) are trending up. Here’s a look at why this is noteworthy and what it may mean for you.

More Homes Are Coming onto the Market than Usual

It’s well known that the busiest time in the housing market each year is the spring buying season. That’s why there’s a predictable increase in the volume of newly listed homes throughout the first half of the year. Sellers are anticipating this and ramping up for the months when buyers are most active. But, as the school year kicks off and as the holidays approach, the market cools. It’s what’s expected.

But here’s what’s surprising. Based on the latest data from Realtor.com, there’s an increase in the number of sellers listing their houses later this year than usual. A peak this late in the year isn’t typical. You can see both the normal seasonal trend and the unusual August in the graph below:

As Realtor.com explains:

“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 . . .”

While this is only one month of data, it’s unusual enough to note. It’s still too early to say for sure if this trend will continue, but it’s something you’ll want to stay ahead of if it does.

What This Means for You

If you’ve been putting off selling your house, now may be the sweet spot to make your move. That’s because, if this trend continues, you’ll have more competition the longer you wait. And if your neighbor puts their house up for sale too, it means you may have to share buyers’ attention with that other homeowner. If you sell now, you can beat your neighbors to the punch.

But, even with more homes coming onto the market, the market is still well below normal supply levels. And, that inventory deficit isn’t going to be reversed overnight. The graph below helps put this into context, so you can see the opportunity you still have now:

Bottom Line

Even though inventory is still low, you don’t want to wait for more competition to pop up in your neighborhood. You still have an incredible opportunity if you sell your house today. Let’s connect to explore the benefits of selling now before more homes come to the market.

304 Properties
Page 1 of 26
$689,000
Neighborhood: Rotonda West Pine Vly
3
Beds
2
Baths
2,076
Sq.Ft.
2019
Year Built
2
Days on Site
D6136563
MLS
$409,900
Neighborhood: Rotonda Heights
3
Beds
2
Baths
1,815
Sq.Ft.
2023
Year Built
2
Days on Site
T3526522
MLS
$357,597
Neighborhood: Rotonda Lakes
4
Beds
2
Baths
1,791
Sq.Ft.
2024
Year Built
3
Days on Site
T3527039
MLS
Open 5/19
32 Oakland Hills Ct Rotonda West,  FL 33947
$519,000
Neighborhood: Oakland Hills Rotonda West
4
Beds
2
Baths
2,073
Sq.Ft.
2003
Year Built
3
Days on Site
D6136582
MLS
$799,000
Neighborhood: Rotonda Heights
3
Beds
2F11/2
Baths
2,340
Sq.Ft.
2020
Year Built
3
Days on Site
C7492772
MLS
$518,878
Neighborhood: Rotonda West Pinehurst
3
Beds
2
Baths
2,085
Sq.Ft.
2024
Year Built
4
Days on Site
A4610885
MLS
$444,900
Neighborhood: Rotonda West White Marsh
3
Beds
2
Baths
1,944
Sq.Ft.
2005
Year Built
4
Days on Site
D6132851
MLS
$335,000
Neighborhood: Rotonda West Oakland Hills
2
Beds
2
Baths
1,455
Sq.Ft.
1974
Year Built
4
Days on Site
C7492843
MLS
$339,000
Neighborhood: Rotonda West Oakland Hills
3
Beds
2
Baths
1,815
Sq.Ft.
1979
Year Built
4
Days on Site
D6136534
MLS
$335,000
Neighborhood: Rotonda West Oakland Hills
3
Beds
2
Baths
1,840
Sq.Ft.
1973
Year Built
4
Days on Site
C7492846
MLS
$529,000
Neighborhood: Rotonda Heights
3
Beds
2
Baths
2,092
Sq.Ft.
2005
Year Built
5
Days on Site
D6136491
MLS
$539,000
Neighborhood: Rotonda West Oakland Hills
6
Beds
4
Baths
2,526
Sq.Ft.
2021
Year Built
5
Days on Site
A4610847
MLS

Post a Comment