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Andrew, Other/Just Looking in

how much inventory comes on line in the fall and winter?

Asked by Andrew, Wed Sep 26, 2007

Does new inventory not tend to come on during the coming months? Are sellers dropping prices in Westchester? When are sellers most desperate?

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Inventory in some markets, like Atlanta, (the only one I truly know), stays fairly constant all year. Here people move frequently and there isnt so much of a parent-w-kids market. (they're in the 'burbs') I believe the 109,000 listings here represent the ripest plum you'll ever live to see (as a buyer) for the next 90 days. Come Jan. 2008 I think we'll be picking ourselves off the bottom.
0 votes Thank Flag Link Thu Sep 27, 2007
In my area in NJ, the Fall market starts to slow down and the winter gets even slower through the holidays. Come January, things explode. I sell in a resort area so people buy in January and February so that they are in for summer. So, it really depends on your locale. I find that in my areas the sellers are most desperate around October because they know if they don't sell, they may hold it till Spring. On the whole though, it's an affluent area and the sellers don't get desperate. We have what everyone wants, the Atlantic Ocean.
So, it is not so much what time of year sellers are desperate, but their individual circumstances that determine when.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Thu Sep 27, 2007
What state are you in? There are always different reasons someone puts their home on the market and they can't always choose the time of year. Most voluntary listings occur in the early spring.
Ruth
0 votes Thank Flag Link Wed Sep 26, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
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