Home Buying in Fayetteville>Question Details

Buyer2, Home Buyer in Manlius, NY

At what point in the year do you think most of the new inventory will be on if we're a family looking for a 4

Asked by Buyer2, Manlius, NY Thu Apr 23, 2009


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Within the next few weeks most of the houses coming on the market for the season will be listed. Most sellers have been waiting for the market to firm up, and for the spring weather to market their properties. Don't wait if you are trying to find the bottom to this market. We have reached a more equal level of supply and demand for single family homes.
1 vote Thank Flag Link Tue May 5, 2009
The short answer is there is no magic date when the most of a particular style or type of house has the highest number of inventory on the market. Overall, the number of listings can pick up during the spring market, but along with that typically the number of houses sold increases as well. When looking for a new home, try to think of the inventory and market as more fluid - constantly evolving. If you're trying to see the maximum number of listings in the minimum amount of time, there are two things you can do. First, sign up with a buyer's agent who you're comfortable with and can watch the MLS closely for your potential matches. Second, be flexible in your criteria. Being open to even slightly different criteria can make a huge impact on the number of potential matches for you.

For example, I just checked the town of Manlius for existing single family residential homes with exactly 4 bedrooms, exactly 2 full baths and exactly 1 half bath and came up with 60 matches (with no limits on price). However, if I change the "exact" matches to "minimum number of" 4 bedrooms, 2 full baths and 1 half bath, I get 127 matches! Removing the number of half baths brings it up more, to 149 matches. I use this example without a price because that is usually a buyer's number one criteria that has to be met, and can limit be very limiting by itself.

Please don't hesitate to contact me if you should have any further questions, and good luck in your search for a new home!
1 vote Thank Flag Link Sat Apr 25, 2009
I have been in the business over 2 decades, my largest sales record for one month was a January, so you never really know. Typically April, May & June will bring out the most inventory, but keep in mind the home of your dreams could hit the market tomorrow - seller's relocating and many other scenarios where sellers don't wait unti the 'hot' months to list. I would advise to affiliate yourself with a Realtor who you are comfortable with, knowledgable on market conditions and will move fast when it's time . Our marketing tools allows us to program your search criteria through our Multiple Listing Service so you will be notified when new listings hit the market. If it's a great deal and a special home, if you don't move fast ...you'll miss out! You know the ole saying..."when you snooze?", ouch!
0 votes Thank Flag Link Thu Feb 7, 2013
Typically Spring and late summer. With most activity occurring in the Spring.

Feel free to contact me if you need help.

Zisis Sakellariou
0 votes Thank Flag Link Thu Apr 21, 2011
There are several approaches to this question. The one I will call to your attention has to do with the banks slowly releasing inventory that they dont flood the market with product and undercut themselves. It has been estimated that hundreds of thousands of homes are being held for one reason or another.Consequently, product will always be released all during the year. If you are wanting to buy, fine tune your focus by determining what you want, what you will settle for, what you can afford, where you want it etc and take the plunge now. We are clearly at the bottom of a Real Estate cycle. There is no where else to go but up. Happy house hunting! P.S. Make it fun too!
0 votes Thank Flag Link Wed Mar 10, 2010
It does seems people tend to list their homes in the spring sometime between April and June. The flowers are starting to bloom, the sun is shinning more, school is at its end so I believe these may be the months when we see more houses come on the market. It'is almost like people get the urge for a frest start in spring. Houses are always coming on the market with job transfers, divorce, marriage, upgrading and downgrading etc..Call me if you have any more questions or may need a realtor.
0 votes Thank Flag Link Wed Mar 10, 2010
Hi, That is a great question..and often asked by new or 1st time buyers. Inventory does vary month by month, it is reflective of the market conditions and activity of the buyers, and area of interest. The North East is different that the south east and so on. But for our area in the Central NY region we often find the "spring" market to be the highest numbers. (April/May) then another surge in usually (August/September). If you are concerned you may have misses some good deals, then the best way to be in the know is to find a realtor you feel comfortable to work with and have that person set you up on an automatic prompt notice of new listings. That way you will not miss out on any listing that are available at any given time. Feel free to contact me if you have any further questions.
0 votes Thank Flag Link Wed Jul 8, 2009
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