It looks like the new spring inventory is beginning to peak. In April, particularly at the end of April, I believe we’ll start seeing fewer new listings hit the market.
Sure, inventory may begin to pile up in June and July, but a lot of that will consist of homes that have been on the market for a long time, in many cases, homes that have been on the market since last year. For the most pat, these are not great homes; “the best apples will have been picked”.
The homes that linger on the market are usually not that desirable unless they had been overpriced and finally became market competitive. Or, if you are open to a home that needs a lot of work, homes that linger can often be a good deal.
If you want something move-in ready, in a good location, with good schools, you’ll probably want to buy something within the next couple months. Of course, there will be new listings in the summer and the fall, I just don’t expect there to be very much.
