Did Your Dream Home Just Come on the Market?

<article class="post-222419 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-222419"><span class="entry-date">March 17, 2022</span><div class="entry-header center-block text-center"><h1 class="entry-title">Did Your Dream Home Just Come on 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=Did+Your+Dream+Home+Just+Come+on+the+Market%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdid-your-dream-home-just-come-on-the-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
<div class="fb-share-button display-inline-block" data-href="https://gilliggroup.com/blog/did-your-dream-home-just-come-on-the-market/" data-layout="" data-size=""><a class="facebook solid fb-xfbml-parse-ignore" data-tracking="Post,Social Post Link Clicked,Twitter" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdid-your-dream-home-just-come-on-the-market%2F&amp;src=sdkpreparse" target="_blank"><span class="force-hidden">Facebook</span></a></div>
<a class="pinterest solid display-inline-block" count-layout="horizontal" href="https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdid-your-dream-home-just-come-on-the-market%2F&amp;description=Did+Your+Dream+Home+Just+Come+on+the+Market%3F" target="_blank"><span class="force-hidden">Pinterest</span></a>
<a class="linkedin solid display-inline-block" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://gilliggroup.com/blog/did-your-dream-home-just-come-on-the-market/?shareSlug%3Ddid-your-dream-home-just-come-on-the-market" target="_blank"><span class="force-hidden">LinkedIn</span></a>
<a class="email dashicons dashicons-email solid display-inline-block" href="mailto:?subject=From gilliggroup.com: Did Your Dream Home Just Come on the Market?&amp;body=Did Your Dream Home Just Come on the Market?%0D%0Dhttps://gilliggroup.com/blog/did-your-dream-home-just-come-on-the-market/" target="_blank"><span class="force-hidden">Email</span></a>
</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="Did Your Dream Home Just Come on 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/2022/03/16092751/20220317-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092751/20220317-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092751/20220317-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest <a href="https://www.realtor.com/research/data/">monthly release</a>, <em>realtor.com</em> reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June.<span id="more-46174"></span></p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092752/20220317-MEM-Eng-1.png"><img alt="Did Your Dream Home Just Come on the Market? | Simplifying The Market" class="aligncenter wp-image-46176" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092752/20220317-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092752/20220317-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092752/20220317-MEM-Eng-1-400×300.png 400w" width="650"/></a></p>
<h4><strong>However, buying demand is still outpacing housing supply.</strong></h4>
<p>Though the increase in homes coming to the market is great news for prospective homebuyers, the number of buyers is still outpacing the number of homes available for sale. As <em>realtor.com</em> explains in their <a href="https://news.move.com/2022-03-03-Realtor-com-R-February-Housing-Report-Home-Prices-Hit-All-Time-High-Ahead-of-Spring-Buying-Season">latest report</a>:</p>
<p><em>“During the final two weeks of the month, <strong>more new sellers entered the market than during the same time last year</strong>. . . . However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, <strong>housing supply faces a long road to catching up with demand.</strong>”</em></p>
<p>In fact, according to the latest <a href="https://www.showingtime.com/blog/january-2022-showing-index-results"><em>ShowingTime Showing Index</em></a><em>, </em>which tracks the average number of appointments received on active listings during the month, buyer demand was greater this January than any other January in the last five years (<em>see graph below</em>):</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092754/20220317-MEM-Eng-2.png"><img alt="Did Your Dream Home Just Come on the Market? | Simplifying The Market" class="aligncenter wp-image-46177" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092754/20220317-MEM-Eng-2.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092754/20220317-MEM-Eng-2.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092754/20220317-MEM-Eng-2-400×300.png 400w" width="650"/></a></p>
<p>This prompted <em>ShowingTime</em> to say:</p>
<blockquote>
<p><em>“The latest data from ShowingTime . . . shows a surge in home buyer demand in January. . . . This enormous activity occurred in a month when buyer activity typically slows and followed a historic 2021, where buyer demand across the country was extraordinarily strong.”</em></p>
</blockquote>
<h4><strong>What does that mean for you?</strong></h4>
<p>Basically, as homes come to the market, they are quickly being purchased by eagerly awaiting buyers. So even though the number of newly listed homes is increasing, the number of active listings is still shrinking every month because buyers are purchasing homes almost as soon as they come up for sale. That means listings are coming on and off the market so fast that they don’t carry over to be counted in the active listing numbers the following month. Here’s a graph showing the number of active listings each month since last January using <a href="https://www.realtor.com/research/data/">data released</a> by <em>realtor.com</em>:</p>
<p><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092755/20220317-MEM-Eng-3.png"><img alt="Did Your Dream Home Just Come on the Market? | Simplifying The Market" class="aligncenter wp-image-46178" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092755/20220317-MEM-Eng-3.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092755/20220317-MEM-Eng-3.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2022/03/16092755/20220317-MEM-Eng-3-400×300.png 400w" width="650"/></a></p>
<p>This graph shows that the number of active listings has decreased for each of the last five months even though the number of newly listed homes has increased over the last two months.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Whether you’re looking to upgrade to a home that will better suit your lifestyle or looking to purchase your first house, let’s connect so you can stay updated on what’s happening in your area. And <a href="https://www.simplifyingthemarket.com/2022/03/10/how-to-navigate-a-market-where-multiple-offers-is-the-new-normal/?a=712984-fa409495d5d70154d03a25e81e9540e2">be prepared</a> to move immediately if a home fitting your needs hits the market. Your dream home may be one of those new listings that just became available, but if you don’t act quickly, it could be gone tomorrow.</p>
</div>
</div></article>