Are More Homes Coming onto the Market?

The current real estate market is heavily influenced by the number of homes available for sale. If you've been contemplating selling your house, now is an advantageous time to do so. When housing inventory is low, your property can stand out, especially if it's competitively priced.

Recent data reveals a noteworthy trend: more homes are entering the market compared to usual. Typically, the spring buying season sees an uptick in new listings, followed by a market cooldown as the school year starts and holidays approach. However, what's surprising is that there's been an increase in sellers listing their homes later in the year, particularly in August.

Realtor.com notes this unusual trend and suggests it may signal a return in seller activity heading into the fall season. While it's too early to confirm if this trend will continue, it's worth keeping an eye on.

For potential sellers, this presents an opportunity. Selling your house now may allow you to beat the competition that could arise if you wait. If your neighbor lists their home too, you might have to share buyers' attention. Selling sooner rather than later can help you get ahead.

Despite the increase in listings, the market still has a shortage of inventory compared to normal levels. This means the opportunity to sell remains strong. The market isn't expected to shift overnight, as shown in a related graph.

In conclusion, even though inventory is relatively low, it's advisable not to wait for more competition to emerge in your neighborhood. Selling your house today can offer you an excellent opportunity. Consider connecting with a real estate agent to explore the advantages of selling now before more homes flood the market.

Read more here.