Post-Easter Inventory Spike PDF Print E-mail
Friday, 05 April 2013 19:57

The past weeks and months have been defined by low inventory; all the moreso when juxtaposed against the high level of demand in the market.  Not surprisingly, last week was a fairly low volume week as far as new listings went.  Easter being on a Sunday sets up to shift focus away from the usual flurry of open houses, and wiser agents tend to avoid the gamble of listing in advance of such holidays.

Going into this weekend however, the difference is night and day, with a huge spike in listings across the entire region.  Certain buildings and neighborhoods where a single listing may come on every now and again are seeing multiple listings over just the last few days.  What will be most interesting to see is a) whether this inventory gets soaked up as quickly as has been the case through much of 2013, b) whether this represents the beginning of a prolonged wave of new inventory, or c) whether it is a one-off event tied more to sellers that had been waiting for a certain moment to list, rather than a more general increase in the number of interested sellers.

Time will tell!  But for buyers nervous about a bleak future of rising prices and low inventory, this weekend may represent a rare window of increased options.

Last Updated on Saturday, 06 April 2013 14:58
 

Coldwell Banker Residential Brokerage
4500 Old Dominion Dr, Arlington VA 22207
Phone: (703) 524-2100 Fax: (703) 524-9014