flexiblefullpage
Currently Reading

A Return to Seasonal Buying Patterns Depends on Increased Inventory

Advertisement
billboard
New-Home Sales

A Return to Seasonal Buying Patterns Depends on Increased Inventory

Market seasonality has been practically nonexistent throughout a post-pandemic buying frenzy, and low supply could keep offseason activity strong for the remainder of 2022


March 7, 2022
winter houses
Image: Stock.adobe.com

Seasonal homebuying patterns have been entirely upended by the COVID-19 pandemic as tighter inventory pushes house hunters into a year-round frenzy, and according to Realtor.com, that trend could continue throughout 2022. Buyer competition will remain elevated as a low supply of homes nationwide causes prices to rise and home sales to move forward at record speeds.

Not only are buyers finding a lack of new construction, but the supply of resale properties is also low as sellers weigh the costs of entering into the other end of an unfavorable market after leaving behind their old properties. Strong home sales are putting an end to market seasonality as unrelenting buyers continue to wade through limited inventory month after month.

“Buyers have to make even shorter-term decisions than last year,” said Nurit Coombe, a broker with The Agency in Washington, D.C. “It’s about getting our clients prepared and ready, and finding listings before they even come onto the market.”

But there are economic variables that could slow buying activity this year and begin to usher in a return to seasonality.

“Many different factors could have an impact, but interest rates are the number one thing,” said Jeff Samuels, a broker with The Agency in Northern California. “If rates go up, on top of prices escalating so quickly, something will have to give, and if things become unaffordable, eventually demand will wane.”

Read more

Advertisement
leaderboard2

Related Stories

Housing Markets

Florida Is Now the Second Most Valuable US Real Estate Market

Housing markets such as Florida are seeing substantial growth driven by an uptick in new construction

Housing Markets

Renting Still More Affordable Than Buying in Most US Metros

In all but three of the nation's 50 largest metro areas, renting remains more cost-effective than buying a home

Housing Markets

August Housing Markets Still Down, but Less So

While active inventory, new listings, and closed sales were all still historically low in August, the declines weren't as sharp as in previous months

Advertisement
boombox2

Top Articles

Advertisement
boombox1
Advertisement
native1
halfpage2

More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value

Advertisement
native2
Advertisement
halfpage1

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.