Real Estate Forecast Beth Kohoutek December 19, 2023
The Surprising Trend in the Number of Homes Coming onto the Market
If you're thinking about moving, it's important to know what's happening in the housing market. Here's an update on the supply of homes currently for sale. Whether you're buying or selling, the number of homes in your area is something you should pay attention to.
In the housing market, there are regular patterns that happen every year, called seasonality. Spring is the peak homebuying season and also when the most homes are typically listed for sale (homes coming onto the market are known in the industry as new listings). In the second half of each year, the number of new listings typically decreases as the pace of sales slows down.
The graph below uses data from Realtor.com to provide a visual of this seasonality. It shows how this year (the black line) is breaking from the norm (see graph below):
Looking at this graph, three things become clear:
What Does This Mean for You?
Bottom Line
Whether you're on the hunt for your next home or thinking of selling, now might just be the perfect time to make your move. If you have questions or concerns about the availability of homes in our local area, let’s connect.
Sonoran Lifestyle
Best Brunch Spots in Fountain Hills with Mountain Views and Live Music
Events
magic of Coney Island Boardwalk right to Fountain Hills.
Events
at ADERO Scottsdale Resort
Real Estate
May/June 2025
Events
Celebrate Fourth of July in Fountain Hills, AZ
Sonoran Desert Lifestyle
What to Expect for Summer 2025
Events
Wacky Wet Wednesdays
History
and Landmarks in Phoenix, Arizona
Events
Full Moon Walk & Summer Solstice Hike
You want a personal real estate advisor with a commitment to excellence and innovative strategies.