- Additional new construction inventory and a slight boost in existing inventory gave buyers more options in September than any month in 2019 so far, extending the homebuying season into the fall.
- Despite this increase in inventory, demand is still outpacing supply and the median sales price was $349,994 in September, up 9.7% from the year before but down 1.4% from August 2019.
- With more inventory available and low interest rates, fall may be a great time to buy for those who are ready to make a move.
Housing supply or inventory typically peaks in the summer months and then drops to lower numbers in the fall and winter. However, since 2017, the highest number of available homes for sale has been in September, rather than July or August, extending the homebuying season.
Those thinking about selling or buying shouldn’t be concerned with ‘timing the market,’ because the best time to buy or sell is when it fits your needs and circumstances. READ MORE HERE