WHEN DO MOST LISTINGS HIT THE MARKET?
The chart below shows the 5 year history of “listing” cycles (reflecting the number of listings for each month).
In this chart, the purple line represents distress sales (foreclosures and short sales). While they are a factor in the market place, you can see that they peaked early in 2009 and have been steadily fading from the market place.
The brown lines reflect all non-bank mediated sales (in other words, “normal” listings). For those, we see a consistent seasonal pattern with the highest number of new listings hit the market in the spring, with new listings tapering off through the summer and the lowest number of new listings in December.
WHAT ARE THE MONTHS WITH THE HIGHEST BUYER ACTIVITY LEVELS?
The chart below shows the number of new contracts. From this you can tell that buyer activity is highest, as you’d anticipate, in the spring and summer.
HOW DO THESE PATTERNS IMPACT AVAILABILITY?
Despite the high level of buyer activity in the spring, this chart shows that (since the market began to normalize around the end of 2009), the inventory is typically higher in the summer. For sellers, this means you have more competition! For buyers, this means you have more choices! By the time late fall comes, the number of active listings has slipped again and inventory becomes scarce.
*Please note, all charts on this page are updated on or about the 10th of each month as new statistics are available from our local multiple listing service. So please check back for the most current information.
Interested in learning more? Check out this resource reflecting historical and current information on Real Estate Pricing Trends in Fairfax County.
You can also learn more about the regional market by checking out the page on Northern Virginia Regional Real Estate Market Stats which also contains information that is updated monthly. And of course, don’t forget to check these houses for sale near me.
When you’re looking for a REALTOR that knows the market,
you can trust Vicky Chrisner.
Email: [email protected]