Are There More Homes Coming to the Market?

<article class="post-291434 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-291434"><span class="entry-date">May 11, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Are There More Homes Coming to the Market?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Are+There+More+Homes+Coming+to+the+Market%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fare-there-more-homes-coming-to-the-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div>
<p><img alt="Are There More Homes Coming to the Market? | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163454/20220511-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163454/20220511-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163454/20220511-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>According to a <a href="https://cdn.nar.realtor/sites/default/files/documents/2022-obstacles-to-home-buying-04-12-2022.pdf">recent survey</a> from the <em>National Association of Realtors</em> (NAR), one of the top challenges buyers face in today’s <a href="https://www.simplifyingthemarket.com/2022/04/22/myths-about-todays-housing-market-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">housing market</a> is finding a home that meets their needs. That’s largely because the <a href="https://www.simplifyingthemarket.com/2022/04/01/its-still-a-sellers-market-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">inventory</a> of homes for sale is so low today.<span id="more-46468"></span></p>
<p>If you’re looking to <a href="https://www.simplifyingthemarket.com/2022/04/27/the-dream-of-homeownership-is-worth-the-effort/?a=712984-fa409495d5d70154d03a25e81e9540e2">buy a home</a>, 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 <a href="https://www.simplifyingthemarket.com/2022/04/05/what-you-need-to-budget-for-when-buying-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">home search</a>.</p>
<h4><strong>Early Signs Inventory May Be Growing</strong></h4>
<p>The <a href="https://www.realtor.com/research/data/">latest data</a> from <em>realtor.com</em> shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (<em>see graph below</em>):</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163456/20220511-MEM-Eng-1.png"><img alt="Are There More Homes Coming to the Market? | Simplifying The Market" class="aligncenter wp-image-46470" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163456/20220511-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163456/20220511-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163456/20220511-MEM-Eng-1-400×300.png 400w" width="650"/></a></p>
<p>This indicates more sellers are listing their homes for sale each month this year. And according to <em>realtor.com</em>, this growth is expected to continue. Their <a href="https://www.realtor.com/research/2022-spring-home-sellers/#anchor-9">research</a> finds <strong>the majority of potential sellers plan to list their homes over the next six months. </strong><em>Realtor.com </em>says:</p>
<blockquote>
<p><em>“. . .</em><em> <strong>markets may see a noticeable bump in the number of homes for sale as we move through spring and into summer</strong>. 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.”</em></p>
</blockquote>
<h4><strong>Homes Are Still Selling Quickly</strong></h4>
<p>But while new listings are increasing, it’s important to know they’re also selling quickly. The latest <a href="https://cdn.nar.realtor/sites/default/files/documents/2022-03-realtors-confidence-index-04-20-2022.pdf"><em>Realtors Confidence Index</em></a> from NAR shows the median days on market for recently sold homes since the <a href="https://cdn.nar.realtor/sites/default/files/documents/2022-02-realtors-confidence-index-03-18-2022.pdf">beginning of the year</a> (<em>see chart below</em>). The time on market has decreased month-over-month. That means homes are selling even faster than they did the previous month.</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163457/20220511-MEM-Eng-2.png"><img alt="Are There More Homes Coming to the Market? | Simplifying The Market" class="aligncenter wp-image-46471" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163457/20220511-MEM-Eng-2.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163457/20220511-MEM-Eng-2.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/05/10163457/20220511-MEM-Eng-2-400×300.png 400w" width="650"/></a></p>
<h4><strong>What That Means for You</strong></h4>
<p>While a low-inventory market is difficult to navigate as a <a href="https://www.simplifyingthemarket.com/2022/04/25/is-it-enough-to-offer-asking-price-in-todays-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">buyer</a>, 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 <a href="https://www.simplifyingthemarket.com/2022/04/04/balancing-your-wants-and-needs-as-a-homebuyer-today/?a=712984-fa409495d5d70154d03a25e81e9540e2">fits your needs</a>. Just remember, those new listings are going fast. That means you’ll want to keep your foot on the gas and <a href="https://www.simplifyingthemarket.com/2022/04/19/why-pre-approval-is-an-important-step-for-todays-homebuyers/?a=712984-fa409495d5d70154d03a25e81e9540e2">be ready</a> to act if you find a home you love this season.</p>
<p>Your agent can help you stay on top of the latest listings in your area so you can find the home that’s right for you and submit your <a href="https://www.simplifyingthemarket.com/2022/05/03/things-that-could-help-you-win-a-bidding-war-on-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2">strongest offer</a> as quickly as possible.</p>
<h4><strong>Bottom Line</strong></h4>
<p>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. Let’s 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.</p>
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