{"id":43431,"date":"2016-01-26T07:28:11","date_gmt":"2016-01-26T15:28:11","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=43431"},"modified":"2020-10-06T12:59:50","modified_gmt":"2020-10-06T19:59:50","slug":"house-hunters-are-ready-and-waiting-for-homes-to-buy","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/house-hunters-are-ready-and-waiting-for-homes-to-buy\/","title":{"rendered":"House Hunters Are Ready and Waiting\u2026 for Homes to Buy"},"content":{"rendered":"

At the start of the new year, house hunters are shaking off jittery stock markets and rejoicing at falling mortgage rates<\/a>. Buyer demand is holding strong after a surprisingly good December, when the number of Redfin<\/a> customers requesting home tours jumped nearly 20 percent from a year earlier.
\nThe only problem is inventory. Even though more people are touring, the number of Redfin customers making offers<\/a> rose only up 3.7 percent last month from a year ago. And we\u2019re having the slowest January in years, according to our agents, because there aren\u2019t enough homes for sale. Homes that are on the market tend to be overpriced, which is why they haven\u2019t sold.
\nAs of Jan. 21, the number of homes for sale is down 11 percent from a year ago in major markets served by Redfin. In some areas the drop is even more dramatic. Seattle and Los Angeles<\/a> have 29 percent fewer homes for sale than a year ago and Portland inventory is down 26 percent. \u00a0Even where supply has risen, like Denver<\/a> and Orange County, there still aren\u2019t enough homes to keep pace with demand.<\/p>\n

<\/figure>\n
\"housing<\/figure>\n

A housing market is balanced between sellers and buyers when there are about six months\u2019 worth of homes for sale. \u00a0Denver has only 1.3 months of supply; in Orange County it\u2019s 2.2 months. Nationally there are only half as many homes for sale as we need.<\/p>\n

\"months<\/figure>\n

The Upshot<\/h3>\n

Sellers tend to wait until spring to list their homes. To take advantage of this year\u2019s strong buyer interest and low supply, sellers should consider listing sooner. Buyers are in the market now, so why wait?
\nIf you’re considering selling, check out Redfin’s services for sellers<\/a>. Our agents deliver better results and charge half the typical commission.<\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers are shaking off jittery stock markets and rejoicing at falling mortgage rates. The only problem is inventory. <\/p>\n","protected":false},"author":13421,"featured_media":43825,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,22],"tags":[65,32],"coauthors":[],"class_list":["post-43431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-market-tracker","tag-home-seller-tips","tag-housing-market-tracker"],"acf":[],"yoast_head":"\nHomebuyers Are Ready And Waiting -- For The Right House<\/title>\n<meta name=\"description\" content=\"The housing market is shaking off jittery stock markets and rejoicing at falling mortgage rates. 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