Is the Real Estate Market Seeing an Influx of New Listings?

Lisa Mailhot  |  September 18, 2023

Buyers

Is the Real Estate Market Seeing an Influx of New Listings?

 

Today's real estate market is significantly influenced by the availability of homes for sale. If you're contemplating listing your property, this is a prime advantage you currently possess. With housing inventory at such low levels, your house will undoubtedly shine, especially when priced appropriately.

However, there are early indications that an influx of new listings is on the horizon. Recent data reveals an upward trend in new listings, reflecting homeowners putting their homes up for sale. Let's delve into why this development is noteworthy and what it could signify for you.

An Increase in the Number of Homes Hitting the Market

Traditionally, the busiest time in the housing market occurs during the spring buying season. During this period, there's a predictable surge in newly listed homes in the first half of the year as sellers prepare for the most active months for buyers. As the school year begins and the holiday season approaches, the market typically cools down, as expected.

What's intriguing, however, is the latest data from Realtor.com, which shows an unusual increase in the number of sellers listing their homes later in the year than usual. Such a peak this late in the year isn't the norm. The graph below illustrates both the usual seasonal trend and the atypical August surge:

 

 

as explained by Realtor.com:

“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 data covers just one month, its peculiarity merits attention. While it's too early to conclusively predict if this trend will persist, staying ahead of it is advisable.

What This Implies for You

If you've been postponing the sale of your house, the current timing might be optimal. If this trend persists, waiting could lead to increased competition. If your neighbor also decides to sell, you might end up vying for buyers' attention. Selling now positions you ahead of the competition.

Despite the surge in new listings, the market still falls significantly short of typical supply levels. The graph below provides perspective on the existing opportunity:

 

Bottom Line

Despite the limited inventory, it's advisable not to delay, as increased competition could emerge in your neighborhood. Presently, there's an exceptional opportunity to sell your property. Feel free to reach out to discuss the advantages of listing your house today, before more homes flood the market. 


Recent Blog Posts

Stay up to date on the latest real estate trends.

Buyers

Navigating Lessons from the Real Brokerage Settlement's Shifting Landscape

Lisa Mailhot  |  April 12, 2024

Discover insights into the recent $9.25 million settlement between Real Brokerage and commission suits. Learn about the implications for buyers, sellers, and agents in… Read more

Buyers

Hot Vacation Home Markets Ripe for Investment in 2024

Lisa Mailhot  |  April 12, 2024

Discover the top vacation home markets across the U.S. experiencing remarkable price appreciation in 2024. Learn how to capitalize on these trending destinations as an… Read more

Buyers

New Rules Shine a Light on Cash Deals in Real Estate

Lisa Mailhot  |  April 11, 2024

The U.S. government is tightening regulations to combat money laundering in residential real estate transactions. This blog explores the proposed rules requiring real … Read more

Buyers

A Beginner's Guide to Building Wealth and Financial Wellness

Lisa Mailhot  |  April 10, 2024

Discover how to kickstart your financial journey with expert advice from Tiffany Aliche, The Budgetnista. Learn three essential steps to release financial shame, seek … Read more

Buyers

Embrace Luxury Living in Pasadena's Brantwood for Active Seniors

Lisa Mailhot  |  April 9, 2024

Discover Brantwood, a luxurious 55-unit apartment complex in Pasadena's vibrant Playhouse Village, offering all-inclusive lease plans and boutique hotel-style service… Read more

Buyers

Shifting Grounds in Real Estate After NY Lawsuit

Lisa Mailhot  |  April 8, 2024

Dive into the heart of a groundbreaking antitrust lawsuit in New York that could redefine real estate transactions nationwide. This blog post offers a comprehensive an… Read more

Buyers

Celebrating Endurance and Vision: Lessons from 50 Years in Real Estate

Lisa Mailhot  |  April 5, 2024

Explore the journey and insights of William Raveis, a real estate visionary, who has led his brokerage to success over five decades. Learn the secrets of endurance, in… Read more

Buyers

America's Hottest Housing Markets Signs of Cooling Off

Lisa Mailhot  |  April 4, 2024

Renters often feel limited in making their homes eco-friendly, but there are small steps you can practice to reduce your carbon footprint and live more sustainably, ev… Read more

Buyers

Thriving Through Turmoil: Realtors' Guide to Crisis Management 

Lisa Mailhot  |  April 3, 2024

Learn essential crisis management tips for handling commission uncertainty in the ever-changing real estate landscape. Gain insights from industry expert Julia Lashay … Read more

Let’s Talk

You’ve got questions and we can’t wait to answer them.