The grumbling has started that it’s not a good time to sell your home. It happens every time the casual observers see homes not selling, and today the count of active listings is higher and trending upward.

I don’t mind the grumbling. Let’s grumble about the facts!

By category:

More homes have been listed for sale this year: Six percent more than last year, and 28% more than in 2023. Hey, it means more choices for the buyers!

There are 21% more active listings today than this time last year. Even though there have been only 6% more total listings since January 1st, there were enough that hungover from December that the overall supply is larger than in previous years.

Last year, the additional supply was getting picked up – there were 185 pendings! This year, it looks like we’ve found the equilibrium point where too much supply starts to affect sales. Having 21% more homes for sale has the number of pendings down 15%.

Important point: Sales this year have been great, and pricing is healthy (so far)!

Sellers just have to do a minor tune-up in relation to the age and condition of their home (the older, the more work needed), hire a good agent, and put an attractive price on it. For those folks, it’s a good time to sell!