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The Return of the "Sidelined" Seller

  • July 27th 2010

by Mark Wellborn

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Home owners who have refrained from putting their house or condo up for sale may change their mind in the coming months, according to The Wall Street Journal.

An article on the WSJ’s Developments blog notes that as home prices stabilize in metro markets around the country, these owners may decide that it is time to list their home.

The article points to stats from the National Association of Realtors that say the inventories of unsold homes increased in June from to 8.9 months of supply from 8.3 months the previous month.

A flood of sellers to the market combined with an influx of shadow inventory could result in a drastic increase in homes available for sale, as no one really knows how many potential sellers have been sitting on the sidelines.

This new inventory may be a good thing for the DC area.

On Monday, just 20 homes came on the market in DC proper. Given that we are in the midst of the slow real estate season, that number may seem reasonable. But it is well below the 50 properties that regularly hit the market on a daily basis.

See other articles related to: home buying, housing shortage, selling your home

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the_return_of_the_sidelined_seller/2304.

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