inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/a80aa4de84855156f7c8963fd15c952415f29cc0.png
  • Triangle Area
    • Triangle Area Info
    • Angier
    • Apex
    • Bahama
    • Butner
    • Carrboro
    • Cary
    • Chapel Hill
    • Clayton
    • Creedmoor
    • Durham
    • Fuquay Varina
    • Garner
    • Holly Springs
    • Knightdale
    • Mebane
    • Morrisville
    • Pittsboro
    • Raleigh
    • Rolesville
    • Rougemont
    • Wake Forest
    • Wendell
    • Willow Springs
    • Youngsville
    • Zebulon
  • Us & Info
    • The Company
    • Meet Us
    • Client Testimonials
    • Fair Housing Laws
    • Due Diligence and Earnest Money
    • Condos and Townhomes
    • Purchasing Coastal Real Estate
    • Contact Us
  • NC Pro Home Design
  • Blog
NC Pro Realty
(855) 668-3262
info@ncprorealty.com
Sign In
Sign Up
inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/a80aa4de84855156f7c8963fd15c952415f29cc0.png
  • Triangle Area
    • Triangle Area Info
    • Angier
    • Apex
    • Bahama
    • Butner
    • Carrboro
    • Cary
    • Chapel Hill
    • Clayton
    • Creedmoor
    • Durham
    • Fuquay Varina
    • Garner
    • Holly Springs
    • Knightdale
    • Mebane
    • Morrisville
    • Pittsboro
    • Raleigh
    • Rolesville
    • Rougemont
    • Wake Forest
    • Wendell
    • Willow Springs
    • Youngsville
    • Zebulon
  • Us & Info
    • The Company
    • Meet Us
    • Client Testimonials
    • Fair Housing Laws
    • Due Diligence and Earnest Money
    • Condos and Townhomes
    • Purchasing Coastal Real Estate
    • Contact Us
  • NC Pro Home Design
  • Blog
inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/a80aa4de84855156f7c8963fd15c952415f29cc0.png
inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2021/10/c306e516c5a47d73c5a5d5a0958569c4f36bff72.jpeg
Market Insight

There Are More Homes Available Now than There Were This Spring

inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/a80aa4de84855156f7c8963fd15c952415f29cc0.png
NC Pro Realty ,10/27/2021

There Are More Homes Available Now than There Were This Spring

There Are More Homes Available Now than There Were This Spring | MyKCM

There’s a lot of talk lately about how challenging it can be to find a home to buy. While housing inventory is still low, there are a few important things to understand about the supply of homes for sale as we move into the end of the year.

 

The Number of Homes for Sale Usually Peaks in the Fall

In the residential real estate market, trends generally follow a predictable and seasonal pattern. Typically, the number of homes available for sale (or active monthly listings) peaks in the fall. But in a chapter where so little feels normal, the question becomes: should we expect a fall peak this year?

 

If we look at the active monthly listings for 2021 (shown in the chart below), we’ll see that the number of homes on the market has increased fairly steadily since spring this year. The realtor.com data shows we’re still seeing an increase in active inventory month-over-month. While that gain is a bit smaller month-to-month (see August to September in the chart), September numbers are still up from the month prior.

There Are More Homes Available Now than There Were This Spring | MyKCM

The important takeaway here is the latest monthly numbers show growth. At the end of September, buyers had more options to pick from than they did this spring. That’s encouraging for buyers who may have paused their search months ago because they had trouble finding a home. Danielle Hale, Chief Economist at realtor.com, sums this up nicely:

 

“Put simply, this September buyers had more options than they've had all year and while that's typical of early fall, that's not what happened in 2020. Still, it's important to remember that while buyers may have an easier time this fall than they did in the spring, the market remains more competitive than it has been historically at this time of year.” 

 

As Hale says, a fall peak in inventory is in line with typical seasonal trends. While it’s impossible to say for certain what the future holds for housing inventory, we do know both buyers and sellers have opportunities this season based on the latest data.

 

What Does That Mean for You?

If you’re thinking of buying a home, rest assured you do have more options now than you did earlier this year – and that’s a welcome relief. That said, today’s market is still highly competitive. This isn’t the time to slow your search. It’s actually the season when the number of homes available for sale tends to peak. Focus on the additional options with renewed energy this season and be prepared for ongoing competition from other buyers.

 

If you’re considering selling your house, realize that while growing, inventory is still low. Selling now means you’ll be in a great position to negotiate with buyers – and competition among buyers is good news for your bottom line. Eager buyers will likely be motivated to act before the holidays, giving you the benefit of a fast sale.

 

Update for September 2021 in the Triangle 

While the number of homes available in the Triangle area in September were down 42% compared to 2020, we are seeing a slight shift upward for mid-end October.  This is typical in a normal market, as a seasonal shift normally occurs this time of year.  


Bottom Line

Whether you’re buying or selling, there’s still a chance to make your goals a reality this season. Let’s connect so we can discuss what’s going on with the local market and current trends and what they mean for you. Always feel free to reach out to us at info@ncprorealty.com. 

Print Details
Previous post
Next post
Is the Number of Homes for Sale Finally Growing?
Should You Update Your House Before Selling?
inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/a80aa4de84855156f7c8963fd15c952415f29cc0.png
inception-app-prod/MzBlMzI3MTktOWQ1OC00YmYyLWE0MDktMTQ0OTkxZDRiZDVl/content/2022/01/5ff14410013ea6e87abf38a32050d2d32fdfcfa9.png
It's Not Just a Home. It's Your Life.

Office

NC Pro Realty
Triangle | Wake Forest | Raleigh | Youngsville | RolesvilleNorth Carolina
Real Estate Services for Sellers and Buyers
(855) 668-3262
info@ncprorealty.com

Essentials

  • Home
  • Meet Us
  • The Company
  • Our Team
  • Search Homes
  • Triangle
  • Contact Us
  • Blog

Explore Top Cities

  • Raleigh
  • Durham
  • Chapel Hill
  • Cary
  • Wake Forest
  • Fuquay Varina
  • Apex

Fair Housing Act & Consumer Protection & Privacy

  • Fair Housing

.

© 2022 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Register For Area Updates

Thank you so much for your interest in us. Please provide your contact info and we'll send you additional info without being annoying.
Send
Succes! Your message was sent!
Thank you! We'll reach out shortly!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Account Verified!
You may now log in into your account
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link