Is it possible that your dream home has just hit the market?

Dated: April 6 2022

Views: 101


Did Your Dream Home Just Come on the Market? | MyKCM



For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com 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.


Did Your Dream Home Just Come on the Market? | MyKCM
However, buying demand is still outpacing housing supply.

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 realtor.com explains in their latest report:

“During the final two weeks of the month, more new sellers entered the market than during the same time last year. . . . However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, housing supply faces a long road to catching up with demand.”

In fact, according to the latest ShowingTime Showing Index, 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 (see graph below):

Did Your Dream Home Just Come on the Market? | MyKCM

This prompted ShowingTime to say:

    “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.”

What does that mean for you?

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 data released by realtor.com:



Did Your Dream Home Just Come on the Market? | MyKCM

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.
Bottom Line

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 be prepared 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.

Blog author image

Patricia Villanueva - DRE#01100323

Hello Real Estate Professionals, Homebuyers & Homesellers! I'm an agent with 30+ years of experience working in SoCal Real Estate. I keep my negotiation skills sharp with continuing educational cours....

Latest Blog Posts

5 Tips for Making Your Best Offer on a Home!

5 Tips for Making Your Best Offer on a Home | MyKCMAs a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to

Read More

Why Selling Your House with a Real Estate Professional Is Essential...

Why Selling Your House with a Real Estate Professional Is Essential | MyKCMSelling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by Owner) –

Read More

How Much is needed for Your Down Payment??

How Much Do You Need for Your Down Payment? | MyKCMAs you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know

Read More

On the Fence of Whether or Not To Move This Spring? Consider This. | MyKCM

On the Fence of Whether or Not To Move This Spring? Consider This. | MyKCMIf you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going

Read More