Why Did More People Decide To Sell Their Homes Recently?

Homeowners in Las Vegas, Summerlin, and Henderson typically slow down their moving plans as the summer months come to an end, leading to fewer homes being listed for sale in the fall. This is a predictable seasonal trend in the local real estate market. However, this year, mortgage rates decreased just as the number of homes on the market usually starts to decline. As a result, more homeowners in these areas decided to sell, bringing more homes to the market.

The most recent data from Realtor.com reveals that in September, the number of homes put up for sale increased by 11.6% compared to this time last year.

As the green circle in the graph below shows, the typical September decline in homes coming to the market didn’t happen – that number actually went up (see graph below):

Ralph McLaughlin, Senior Economist at Realtor.com, explains why there was an unseasonable rise:

“This sharp increase is largely due to the decline in mortgage rates in mid-August, enticing homeowners to sell.”

So, as rates came down at the end of the summer, more people jumped into the market and decided to make their move.

What Does This Mean If You’re Looking To Buy a Home?

It means more fresh options to choose from than you’ve had in a while – not the ones that have been sitting around, unsold.

But keep in mind, mortgage rates have been volatile lately, ticking up slightly in recent weeks, which could limit the number of people who feel comfortable with the idea of selling in the months ahead. And in this market, it’s mortgage rates that are largely driving homeowner decisions.

Why Buy Now, Rather Than Wait?

Whether you’re seeking a starter home, an upgrade, or looking to downsize in North Las Vegas, Summerlin, or Centennial Hills, Nevada, there are currently more homes available for you to choose from. If you find what you’re looking for, keep in mind that these fresh options won’t be on the market indefinitely. Staying updated on local listings with a trusted agent is crucial.

Remember, one month doesn’t dictate a trend. So, what does that mean for the future? The number of homeowners choosing to sell in these areas will largely depend on mortgage rates and economic factors like inflation, employment, and Federal Reserve actions.

With more homes available now, this could be your opportunity if you’re ready, willing, and able to buy this fall.

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:

“The rise in inventory – and, more technically, the accompanying months’ supply – implies home buyers are in a much-improved position to find the right home and at more favorable prices.”

Bottom Line

As rates declined at the end of the summer, sellers in Summerlin, North Las Vegas, Centennial Hills, and Henderson, Nevada began returning to the market. This gives buyers more options right now. Collaborating with a trusted local real estate agent is the best way to capitalize on these new opportunities before they’re all taken.

Dr Jan Duffy REALTOR

Dr. Jan Duffy, REALTOR® - Las Vegas Fast Home Sale Expert Dr. Jan Duffy leads Cash Offers Home Las Vegas, revolutionizing the local real estate market with expedited, hassle-free home sales. As a licensed REALTOR® and fast-transaction specialist, Dr. Duffy has successfully guided countless homeowners through Las Vegas's unique housing landscape. Key Expertise: • Rapid home sales and competitive cash offers • Deep knowledge of Las Vegas neighborhoods (Summerlin, Henderson, Arts District, Centennial Hills) • Expert market analysis and property valuation • Custom solutions for urgent moves, property issues, and foreclosure prevention Combining sharp real estate acumen with unwavering client focus, Dr. Duffy delivers personalized, efficient solutions for every situation. Whether you need a quick sale or a reliable cash offer, her team ensures a smooth, stress-free process. A trusted voice in Las Vegas real estate, Dr. Duffy regularly shares insights on market trends and investment strategies. Her commitment to integrity and community values has established Cash Offers Home Las Vegas as a pillar in the local real estate scene. Experience a new standard in real estate transactions. Contact Dr. Jan Duffy for your no-obligation cash offer today. DrDuffy@bhhsnv.com | www.californiatovegashomes.com Twitter: @DrJanDuffy | Facebook: SpeedyCashHomeOffers

See Full Bio