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: Ho, Ho, Ho, Is Santa Bringing Lower Mortgage Interest Rates For Christmas? OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment
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 Dec 11, 2023 (unless otherwise noted).
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