What happens to # of houses on market in fall?

Doesn't everyone say that the number of houses on the market drops in the fall time b/c people want to sell their houses during summer, so as not to disrupt children in school?

Do you think that will happen this fall b/c of all the foreclosure?

Re: What happens to # of houses on market in fall?

I'm not an expert but I've followed the RE market for years. IMO the number of homes usually stays about the same in the fall, not too many sell and not too many are newly listed. Usually around January people that haven't had luck selling take their homes off the market & often the number of homes listed will drop noticeably, but come spring many of those homes are back sometimes with new agents, plus all of the new listings. As far as the foreclosures and bank owned, I think they'll stay on through the winter. Two properties that are bank owned that I looked at within the last week have both dropped their prices after only being listed a short time. I *think* the banks are going to try not to carry these properties through the winter if they can avoid it.
If I were a seller I would consider my potential expenses if I held onto my house till next spring, things like the annual tax increase, increased utility costs, any expenses you'd incur while staging your house & I'd take all of that right off your price now & tell your RE agent to start aggressive marketing between now & Thanksgiving.

Re: What happens to # of houses on market in fall?

Re: What happens to # of houses on market in fall?

I hear that the sellers that really need to get out stay on the market in the fall and/or may drop their prices.