Are There More Homes Coming to the Market?

By
Real Estate Agent with HomeSmart 0561240

Are There More Homes Coming to the Market?

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in todays housing market is finding a home that meets their needs. Thats largely because the inventory of homes for sale is so low today.

If you're looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.

Early Signs Inventory May Be Growing

The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as new listings, has increased since the start of the year (see graph below):

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This indicates more sellers are listing their homes for sale each month this year. And according to realtor.com, this growth is expected to continue. Their research finds the majority of potential sellers plan to list their homes over the next six months. Realtor.com says:

. . . markets may see a noticeable bump in the number of homes for sale as we move through spring and into summer. A majority of homeowners planning to sell this year indicated that they aim to list in the next six months, with almost 10% having already placed their properties on the market.

Homes Are Still Selling Quickly

But while new listings are increasing, its important to know they're also selling quickly. The latest Realtors Confidence Index from NAR shows the median days on market for recently sold homes since the beginning of the year (see chart below). The time on market has decreased month-over-month. That means homes are selling even faster than they did the previous month.

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What That Means for You

While a low-inventory market is difficult to navigate as a buyer, there is hope. The growing number of new listings and the expectation more sellers will list their homes in the coming months is great news if you've had a hard time finding a home that fits your needs. Just remember, those new listings are going fast. That means you'll want to keep your foot on the gas and be ready to act if you find a home you love this season.

Your agent can help you stay on top of the latest listings in your area so you can find the home thats right for you and submit your strongest offer as quickly as possible.

Bottom Line

If you've been having a hard time finding your dream home, stick with your search. More options are coming to market and your ideal home could be one of them. Lets connect so you can stay up to date on the latest listings in our market, so you can be ready to move fast when you find the one that's right for you.

 

 

 

 

 

Posted by

e signature for Shayne Stone

“YOUR Rock-Solid Choice Realtor for Making Home Sellers a Profit & Home Buyers Equity”

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Comments (4)

Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Shayne Stone 

In out immediate area inventory can't get any lower except zero. Houses that most people are looking for are snapped up with overpriced offers. Demand is high, prices are high and interest rates are going higher. 

May 19, 2022 06:24 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Our inventory levels are still very low, and i am anticipating that we will continue to see an increase -- at least for the next few months.

I always encourage my buyers to not lose hope. There will always be "another" house coming on the market, and when we find the right one, it will be the Best One!

May 20, 2022 05:07 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your weekend!

May 21, 2022 07:03 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Oh yes - inventory is inching upward.  GREAT POST!  

May 24, 2022 02:27 PM