Home Inventory on the Rise This Fall
October 30, 2021
If you have looked for a home to buy at any point this year you know that the number of houses for sale were very few available. However there is one important thing to know about the real estate world during this time of year.
Quantity of homes for sale usually peaks in the fall.
It is normal in the real estate world for homes available to be higher and lower depending on the season. Typically the number of homes listed on the market peaks in the fall. However, with as odd as this year has been some people wonder will this year follow the same pattern?
Based on data from Realtor.com, we have seen the number of homes on the market fluctuate each month, but they have increased slightly each month since spring. Even now the number of active listings is increasing. The gain or increase of available homes is not a huge jump from month to month but it is still on the rise. Which ultimately means more homes for buyers to choose from.
The thing that is important to remember here is this, if you paused your home search in the spring because you simply could not find what you were looking for, it might be the right time for you to begin looking again.
What does this mean in a nutshell?
If you are still in the hunt for the perfect home do not give up or get discouraged. The market is following the typical trend of a rise in inventory so rest assured you will have more homes to choose from as the year comes to an end. I know that is a huge relief for potential buyers because the pressure to move sometimes can force you to want to rush and with so little to choose from it may have been hard to find something you were truly happy with. However, just remember, just because there is more inventory does not change this from being a highly competitive market. So go into your search with a new energy but once you find your perfect home do not hesitate.
If you are considering selling your home this fall, while the inventory is on the rise there is still great news for you. It is still an extremely competitive market and there are still so many people looking for homes. You will be in a great position to negotiate with buyers and competition among buyers means great news for you money wise! Also, most buyers if they are serious will want to buy before the holidays so it will be a fast sale.
To wrap it up, if you are selling or buying this fall is a great time in the real estate market. There is an increase in inventory and buyers are eager to get in their new home before the end of the year. So come talk to me or call me today and let me get started working for you! I can help you find your dream home or sell your home this year!