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.
Park and Rec
Fall league and lessons registration starts soon!
Fountain Hills
A Perfect Send-Off to Summer!
Real Estate
Navigating the housing market can be tricky
Outdoors
A Unique Marvel of the Sonoran Desert
Landscape
Brilliant thunderstorms can bring impressive rains and intense winds.
Golf
If you're looking for a golfing experience this summer, look no further than Eagle Mountain Golf Club in Fountain Hills, AZ. This stunning course, renowned for its bre… Read more
Fountain Hills
Imagine living in a community where residents enjoy longer, healthier, and happier lives.
Local Events
Giddy up, partners! The Town of Fountain Hills is excited to bring you an evening of western-themed fun at the Fountain Hills Community Center’s Family Fun Night
Home Maintenance
Best practices for maintenance
You want a personal real estate advisor with a commitment to excellence and innovative strategies.