This selection comes from looking at seasonal trends from 2018-2019 and 2021 data. Due to the onset of the pandemic, 2020 was an uncharacteristic year and has therefore been excluded from the analysis. We expect the 2022 housing market to behave similarly to 2021 and pre-pandemic years. Each week was scored based on favorability toward sellers — this included competition from other sellers (active listings and new listings), listing prices, market pace (days on market), likelihood of price reductions, and homebuyer demand (views per property on Realtor.com). Percentile levels for each week were calculated along each metric , and were then averaged together across metrics to determine a Best Time to List score for each week. Rankings for each week were based on these Best Time to List scores.
2021 was a historic year in housing, with record high prices and record low inventory nationwide. Despite these extremes, when looking at the pattern each metric followed, 2021 tended to align with pre-pandemic years. With the inventory shortage, it has certainly been a seller’s market so far this year. However, some emerging trends hint at a possible shift in this dynamic, where sellers could potentially lose some leverage as demand from buyers cools slightly in response to rising mortgage rates, and supply increases as builders continue to accelerate production. Getting a head start in front of other sellers may pay off 2022.
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