inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/content/2022/04/a317c4302ddc7434bb56a3e2f9d64cf44557426b.png
  • Home
  • About
  • Local Communities
  • Search Active Listings
  • Our Listings
  • Get Your Home Value
  • Testimonials
440-305-6795
Michelle@MichelleWillSell.com
Sign In
Sign Up
inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/content/2022/04/a317c4302ddc7434bb56a3e2f9d64cf44557426b.png
  • Home
  • About
  • Local Communities
  • Search Active Listings
  • Our Listings
  • Get Your Home Value
  • Testimonials
inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/content/2022/04/a317c4302ddc7434bb56a3e2f9d64cf44557426b.png
inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/content/2021/11/daeae4b0d5b740707cfb6d19718ffe71d473690e.jpg

Home Sales About To Surge? We May See a Winter Like Never Before.

inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/logo/2020/02/michelle-cropped-no-background-reversed-smaller.jpg
Michelle Green,11/18/2021

Home Sales About To Surge? We May See a Winter Like Never Before.

Home Sales About To Surge? We May See a Winter Like Never Before. | MyKCM

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year.

Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring and remains strong throughout the summer. Once fall sets in, the number of buyers and sellers typically drops off.

Last year, however, that seasonality didn’t happen. The outbreak of the virus and subsequent slowing of the economy limited sales during the spring market. These sales were pushed back later in the year, and last fall and winter saw a dramatic increase in home sales over previous years. The only thing that held the market back was the extremely limited supply of homes for sale.

What About This Winter?

Some experts thought we’d return to the industry’s normal seasonality this winter with both the number of purchasers and houses available for sale falling off. However, data now shows that neither of those situations will likely occur. Buyer demand is still extremely strong, and it appears we may soon see a somewhat uncharacteristic increase in the number of homes coming to the market.

Buyer Demand Remains Strong

The latest Showing Index from ShowingTime, which tracks the average number of monthly showings on available homes, indicates buyer activity was slightly lower than at the same time last year but much higher than any of the three previous years (see chart below):Home Sales About To Surge? We May See a Winter Like Never Before. | MyKCMA report from realtor.com confirms buying activity remains strong in the existing home sales market:

“New housing data shows 2021's feverish home sales pace broke a yearly record in October, . . . with last month marking the eighth straight month of buyers snatching up homes more quickly than the fastest pace in previous years. . . .”

Buyer activity for newly constructed homes is also very strong. Ali Wolf, Chief Economist for Zonda, recently reported that Stuart Miller, the Executive Chairman of Lennar, one of the nation’s largest home builders, said this about demand:

“There is still a great deal of demand at our sales centers with people lining up and not enough supply.”

The only question heading into this winter is whether the number of listings available could come close to meeting this buyer demand. We may have just received the answer to that question.

Sellers Are About To List – Right Now

Instead of waiting for the normal spring buying market, new research indicates that homeowners thinking about selling are about to put their homes on the market this winter.

Speaking to the release of a report on this recent research, George Ratiu, Manager of Economic Research for realtor.com, said:

“The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter.”

Here are some highlights in the report:

Of homeowners planning to enter the market in the next year:

  • 65% - Have just listed (19%) or plan to list this winter
  • 93% - Have already taken steps toward listing their home, including working with an agent (28%)
  • 36% - Have researched the value of their home and others in their neighborhood
  • 36% - Have started making repairs or decluttering

The report also discusses the reasons sellers want to move:

  • 33% - Have realized they want different home features
  • 37% - Say their home no longer meets their family's needs
  • 32% - Want to move closer to friends and family
  • 23% - Are looking for a home office

Data shows buyer demand remains unusually strong going into this winter. Research indicates the supply of inventory is about to increase. This could be a winter real estate market like never before.

Bottom Line

If you’re thinking of buying or selling, now is the time to have a heart-to-heart conversation with a real estate professional in your market, as things are about to change in an unexpected way.

Print Details
Previous post
Next post
Retirement May Be Changing What You Need in a Home
Your Journey to Homeownership [INFOGRAPHIC]

Have a question?

SEND
Submitting
Succes! Your message was sent!
Oops! Error occurred.

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for

Office

Michelle Green Prof. Group
7470 Broadview Rd.Parma
OH 44134
216-236-6373
operations@MichelleWillSell.com

Essentials

  • Home
  • About
  • Local Communities
  • Search Active Listings
  • Our Listings
  • Get Your Home Value
  • Testimonials
  • Contact

Explore our communities

  • Parma
  • North Royalton
  • Strongsville
  • Seven Hills
  • Broadview Heights
  • Parma Heights
  • Middleburg Heights
  • Independence

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.
inception-app-prod/YTc4N2Y5ZmYtODVjNS00ODc2LWFkMzYtMzgxMGUyZmI1MmUx/content/2022/04/bbd632c5a27595d3938d8e7b1d7af37a4e04bf31.png

© 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

Enter your email address

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
Send
Succes! Your message was sent!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Please wait...

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