Mortgage
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:
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.
Stay up to date on the latest real estate trends.
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Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too
New Listing
2 beds | 2 baths | 1,971 sq ft
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Let’s take a look at some historical data to show what’s happened in the housing market during each recession
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Some areas are still super competitive for buyers, while others are seeing more homes sit on the market
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Most homeowners today are in a much stronger equity position, even with rising costs.
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What’s holding you back from taking advantage of this sweet spot?
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There’s a much wider selection of homes for sale, with more fresh listings hitting the market each month.
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Real estate rewards those who get in the market, not those who try to time it perfectly
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Your equity isn’t just a number. It’s a tool.
You’ve got questions and we can’t wait to answer them.