flexiblefullpage - default
Currently Reading

A Return to Seasonal Buying Patterns Depends on Increased Inventory

billboard - default
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

leaderboard2 - default

Related Stories

Market Data + Trends

A Look at Homeownership Rates Across the Nation

Data for homeownership rates in the 100 largest US cities show Port St. Lucie, Fla., in the top spot, while West Virginia is the state with the most homeowners

Housing Markets

4 Cities Where Housing Inventory Now Exceeds Pre-Pandemic Levels

San Antonio leads with the greatest surge in the number of homes available post-pandemic

Housing Markets

10 Markets Where First-Time Homebuyers Can Get a Foot in the Door

Buying a home can be particularly challenging for first-time buyers in today's market, but these markets hold promise with more affordable options 

boombox1 -
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

native2 - default
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
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.