Let's Talk Housing Episode 82: An Unaffordable Buyer's Market

It depends upon the market.

Most markets are approaching the peak.

So you kind of see the plateau.

And what we've seen in some markets is it's hit that plateau, goes up a little, goes down a little bit.

So it's at that peak.

It's not really pushing up higher.

There are still some markets that still continue to rise and peak a little bit later.

There are snowbird markets that have peaked earlier, but then they start to ramp up right now and they peak again later on in the year during the fall.

But by and large, for the United States, it's between July and September where everything peaks.

This month, we're seeing later peaks.

And it's looking like the end of August for many, many markets that we track.

And it'll be very similar for that across the United States.

So finally, inventory is going to hit its peak.

At the same time, demand peaked a long time ago, back in May.

And for the rest of the year, it drifts down.

And then once we get to the holidays, it really starts to tumble as far as the number of buyers in the marketplace.

That's the mid-November through the first couple weeks of January.

But at the same time, inventory levels, once we hit that peak, which looks like we're establishing those peaks, starts to drip down at a very similar rate to demand.

And it too, during the holiday market, really drops.

That's because fewer homes come on the market during November and December, and a lot of cancellations.

People pull their homes off the market to enjoy the holidays.

we as we're right now september 1st this is officially what we call the fall market i know fall the equinox does not happen till later on in september but september is like this tipping point of kids are back at school most vacations are done everybody's is is getting ready to grind for the rest of the year to set up a beautiful end of the year and it starts 2027 that's the way real estate works too if you don't believe me this is we we've already got the uh PSL, the pumpkin spice latte, came out last week.

Costco has all the different costumes that are out.

Disneyland, a few weeks ago, actually started their Halloween decorations in all their parks.

They know that this may technically be summer, but for most everybody out there, summer activities have already been done.