{"id":2509,"date":"2022-03-17T12:47:21","date_gmt":"2022-03-17T12:47:21","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2509"},"modified":"2022-03-17T12:47:21","modified_gmt":"2022-03-17T12:47:21","slug":"dream-home-just-come-market","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/dream-home-just-come-market\/","title":{"rendered":"Did Your Dream Home Just Come on the Market?"},"content":{"rendered":"
\"\"

Did Your Dream Home Just Come on the Market?<\/p><\/div>\n

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release<\/a>, 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\u2019s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June.<\/p>\n

\"Graph\"

New Listings Making a Comeback<\/p><\/div>\n

However, buying demand is still outpacing housing supply.<\/strong><\/h4>\n

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<\/em> explains in their latest report<\/a>:<\/p>\n

\u201cDuring the final two weeks of the month, 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, housing supply faces a long road to catching up with demand.<\/strong>\u201d<\/em><\/p>\n

In fact, according to the latest ShowingTime Showing Index<\/em><\/a>, <\/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 (see graph below<\/em>):<\/p>\n

\"Graph\"

Showing Crush Pre-Pandemic Numbers<\/p><\/div>\n

This prompted ShowingTime<\/em> to say:<\/p>\n

\u201cThe 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.\u201d<\/em><\/p><\/blockquote>\n

What does that mean for you?<\/strong><\/h4>\n

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\u2019t carry over to be counted in the active listing numbers the following month. Here\u2019s a graph showing the number of active listings each month since last January using data released<\/a> by realtor.com<\/em>:<\/p>\n

\"Graph\"

Active Listings Drop Again<\/p><\/div>\n

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>\n

Bottom Line<\/strong><\/h3>\n

Whether you\u2019re looking to upgrade to a home that will better suit your lifestyle or looking to purchase your first house, let\u2019s connect so you can stay updated on what\u2019s happening in your area. And 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\u2019t act quickly, it could be gone tomorrow.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time in a long time, the number of newly listed homes is beginning to rise. Finish Reading Did Your Dream Home Just Come on the Market?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[340,38,50,10,18,16,27,91,57,86,52,9,66,49,42,23,405,404,252,376,236,211,383,63,20,48,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2509"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2509"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2509\/revisions"}],"predecessor-version":[{"id":2514,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2509\/revisions\/2514"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}