Seller Activity Higher Than Usual In Winter 2024-25

Summary

In this podcast episode, Alice Le, a broker in Southern Oregon, discusses the unusual increase in homes for sale during the fall and winter of 2024. Highlighting a national trend of a 7.6% rise in listings compared to last year, she emphasizes that despite increased inventory, it still doesn't meet buyer demand. Alice outlines the benefits for both buyers and sellers in the current market, including more choices, flexible negotiations, and opportunities for equity building. With predictions of continued appreciation, she encourages potential sellers and buyers to act now to capitalize on the market's dynamics.

Takeaways

• 🏡 There has been an unusual rise in homes for sale this fall and winter, which is not common.
• 📈 In September 2024, there was a 7.6% increase in homes listed for sale nationally compared to last year.
• 📊 Southern Oregon has also seen significant increases in active listings, reflecting a local trend that aligns with national data.
• 🤝 More inventory means more choices for buyers and increased competition among sellers.
• 💰 Sellers are currently more flexible and willing to negotiate on closing costs and other terms.
• 📅 Buying now can lead to equity gains, as appreciation trends in Southern Oregon are generally positive.
• 🔄 Sellers can benefit by having a serious buyer pool and increased options for their next home.
• 📉 Current market conditions allow for better prices on replacement homes for sellers looking to downsize or upsize.
• 💡 Homeowners have substantial equity, and selling now can secure profits before purchasing a new property.
• 📈 A projection indicates significant equity gains for buyers in the next five years, making this an attractive time to enter the market.

Q & A

What unusual trend is discussed in the podcast?

The podcast discusses an unseasonable rise in homes for sale during the fall and winter of 2024.

How much did home listings increase nationally in September 2024 compared to the previous year?

Home listings increased by 7.6% nationally in September 2024 compared to September 2023.

What local trend is observed in Southern Oregon regarding home listings?

Southern Oregon has experienced double-digit increases in active listings compared to the previous year.

Why is the current inventory still considered insufficient?

Despite the increase in listings, the inventory is still not enough to meet the strong buyer demand.

What benefits do buyers gain from the increased inventory?

Buyers have more choices, increased competition among sellers, and the potential for better terms such as closing cost assistance.

How does the timing of purchasing a home now impact future equity?

Purchasing a home now allows buyers to start building equity immediately, which is beneficial in a market with a general upward trend in appreciation.

What advantages do sellers have in the current market?

Sellers benefit from a dedicated buyer pool and more inventory to choose from for their next purchase, allowing for better pricing on replacement homes.

What long-term equity gains are predicted for buyers in 2024?

The prediction suggests that buyers in 2024 could see an average equity gain of approximately $990,000 over the next five years.

How quickly can listings be prepared for the market according to Alice?

Alice's team can often get a house listed on MLS and ready for showings in as little as three to five days.

What should listeners do if they want more real estate advice or to list their home?

Listeners can contact Alice at 541-301-7980 for assistance with buying, selling, or discussing real estate investments.